Allure Company purchased a new car for use in its business on January It paid $ for the car. Allure expects the car to have a useful life of four years with an estimated residual value of zero. Allure expects to drive the car miles during miles during miles in and miles in for total expected miles of
Read the requirements. Complete all input fields. Enter a for any zero values.
Unitsofproduction method
tableYeartableAnnualDepreciationExpensetableAccumulatedDepreciationBook ValueStart
Requirements
Using the unitsofproduction method of depreciation with miles as the production unit calculate the following amounts for the car for each of the four years of its expected life do not round here; use three decimal places for the depreciation cost per mile
a Depreciation expense
b Accumulated depreciation balance
c Book value
