Hadicke Company purchased a delivery truck on January 1, 2019

Hadicke Company purchased a delivery truck on January 1, 2019. Cost of Truck $35,000 Expected residual value $10,000 Estimated useful life in years 5 years Straight-line depreciation rate 20% Estimated useful life in miles 100,000 miles Miles operated in first year 18,000 miles F Flag question Instructions a.Compute depreciation expense and prepare journal entry using the straight-line method for the first year. b.Determine the depreciation expense per mile, compute depreciation expense and prepare journal entry using the units-of-activity method for the first year. c.Compute depreciation expense and prepare journal entry using the declining-balance method for the first year 7 A B I E Previous page Next page Quiz navigation