Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. oriole company purchased a delivery truck for $42,

Oriole Company purchased a delivery truck for $42,000 on January 1,2022. The truck has an...

90.2K

Verified Solution

Question

Accounting

Oriole Company purchased a delivery truck for $42,000 on January 1,2022. The truck has an expected salvage value of $10,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 12,800 in 2022 and 12,000 in 2023.
(a1)
Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e..0.50)
Depreciable cost
$
per mile
eTextbook and Media
List of Accounts
Save frint Liter
Attempts: 0 of 7 used
image

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

This is problem 5-17 from El-Wakil’s Powerplant Technology book -- consider a simple combination turbine with...

Mechanical Engineering
Q

the path of lymph as it moves from 10 Describ the tissues back to the...

Biology
Q

In an ideal gas at temperature T the average force that a molecule applies on...

Physics
Q

Attempts Average 3 5 Task and maintenance functions in groups Summarizing ideas is a task...

Geometry
Q

Solve the system of equations. Give your solution as an ordered pair.16x - 2y =...

Basic Math
Q

I NEED ANSWERS FOR 12.07,12.13,12.14,12.15, and 12.16 Month of January Selected...

Accounting
Q

The liabilities of Novak Corporation are $221,000. Novak's share capital is $130,000 and its retained...

Accounting
Q

Schneider Meat Processing Corporation is a major processor of beef and other meat products. The...

Accounting
Q

Training and education costs related to the new investments are often insufficiently recognized because of...

Accounting
Q

2. determine the sales or use tax: You create a custom sign from old materials...

Accounting
Q

The undistributed income that remains invested in a company is referred to as: a) Contributed...

Accounting
Q

i need 11 adjustment entries only and please make sure you calculate right and see...

Accounting