In: Accounting
Depreciation for Partial Periods
Storm Delivery Company purchased a new delivery truck for $66,000 on April 1, 2019. The truck is expected to have a service life of 5 years or 90,000 miles and a residual value of $3,000. The truck was driven 12,000 miles in 2019 and 14,000 miles in 2020. Storm computes depreciation expense to the nearest whole month.
Required:
2019 | $ |
2020 | $ |
2019 | $ |
2020 | $ |
2019 | $ |
2020 | $ |
2019 | $ |
2020 | $ |
2019 | $ |
2020 | $ |
2019 | $ |
2020 | $ |
2019 | $ |
2020 | $ |
2019 | $ |
2020 | $ |