Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. help please depreciation for partial periods

help please Depreciation for Partial Periods Bar Deliven Company...

70.2K

Verified Solution

Question

Accounting

help please
image
image
Depreciation for Partial Periods Bar Deliven Company purchased a new delivery truck for $45,000 on Aprit 1, 2016. The truck is expected to have a service life of 5 years or 94,800 miles and a residual value of $5,520. The truck was driven 9,500 miles in 2016 and 11,700 miles in 2017 . Bar computes depreclation to the nearest whole month. Required: 1. Compute depreciation expense for 2016 and 2017 using the following methods: (Round your final answers to the nearest dellar.) a. Straight-line method c. Double-declining-balance method 20162017$$ d. Activity method 20162017$$ For each method, what is the book val (Round your answers to the nearest do a. Straight-line method 20162017$$ b. Sum-of-the-years'-digits method 20162017$$ c. Double-declining-balance method 20162017$$

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A random sample of 5562 physicians in Colorado showed that 3062 provided at least some charity...

Statistics
Q

Can you please give me five journal papers on the \"The Tacheometric Surveying \" from wherever...

Civil Engineering
Q

Describe TWO factors an \"essential secret\" has on the development of patterns of closeness within a...

Psychology
Q

A poker hand (5 cards) is dealt off the top of a well-shuffled deck of 52...

Basic Math
Q

25 II 50 III MONO Affected Male Affected Female KEY Wild Type Male Based on...

Biology
Q

39 connected by a conducting wire at one end A uniform magnetic field B directed...

Physics
Q

X Check Score ac X 1 2x 2 x 2 6 x 2 3 a...

Algebra
Q

Please help with Part C (a) Start With the following...

Accounting
Q

Foto Company makes 14,000 units per year of a part it uses in the products...

Accounting
Q

I need help with the Adjusting entries and for someone to look over my answers...

Accounting
Q

What basic steps would the auditor perform to compile the information necessary to build the...

Accounting
Q

When Santa Clara University needs to sue students for nonpayment of tuition, they hire the...

Accounting