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Depreciation

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Based on the following information, calculate depreciation for
straight line, units of activity and double decling balance methods.
Prepare the journal entry for year one straight line method and
illustrate the balance sheet presentation for the DDB method after
the first year.
Purchase Date 1-1-2008
Truck Cost
$30,000
Salvage Value
$2,000
Estimated Mileage
100,000
Estimated Useful Life
8
Mileage 2008
15,000
Mileage 2009
12,000

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The solution explains how to calculate the depreciation straight line, units of activity and double decling balance methods.

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