Business
Business, 01.07.2020 22:01, MayFlowers

Burger Chef acquired a delivery truck on March 1, 2021, for $31,700. The company estimates a residual value of $1,700 and a five-year service life. It expects to drive the truck 75,000 miles. Actual mileage was 13,700 miles in 2021 and 14,700 miles in 2022. Calculate depreciation expense using the activity-based method for 2021 and 2022, assuming a December 31 year-end. (Do not round intermediate calculations.)

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Burger Chef acquired a delivery truck on March 1, 2021, for $31,700. The company estimates a residua...

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