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Hadicke Company purchased a delivery truck on January 1, 2019

Accounting

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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 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 I