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Compute depreciation expense for 2017 and 2018 using 1 the

Question - Linton Company purchased a delivery truck for $35,000 on January 1, 2017. The truck has an expected salvage value of $1,800, and is expected to be driven 106,000 miles over its estimated useful life of 8 years. Actual miles driven were 12,400 in 2017 and 14,900 in 2018.

Depreciation expense $ .31 per mile

Calculate Declining-Balance method depreciation expense for 2017 and 2018.

Compute depreciation expense for 2017 and 2018 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method.

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Accounting Basics: Compute depreciation expense for 2017 and 2018 using 1 the

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