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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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    https://brainmass.com/business/accounting/depreciation-accounting-255170

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    Solution Summary

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

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