Swifty Company purchased a delivery truck for $26,000 on January 1, 2020. The truck has an expected salvage value of $1,000, and is expected to be driven 100,000 miles over its estimated useful life of 10 years. Actual miles driven were 12,800 in 2020 and 12,000 in 2021. (a1) Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e. g. 0.50.) Depreciation expense $ per mile

$0.25 per mile

Explanation:

The computation of the depreciation expense per mile under units-of-activity method is shown below;

= (Purchase cost - expected salvage value) ÷ estimated driven miles

= ($26,000 - $1,000) ÷ 100,000 miles

= $0.25 per mile

Hence, the depreciation expense per mile under units-of-activity method is $0.25 per mile

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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