Question Details

What amount of depreciation will be recorded 


BE 1
Karnes Company purchased a truck for $38,000. The company expected the truck to last four years or 100,000 miles, with an estimated residual value of $4,000 at the end of that time. During the second year the truck was driven 27,000 miles. Compute the depreciation for the second year under each of the methods below and place your answers in the blanks provided.

Units-of-activity	$	

Double-declining-balance	$	

BE 2
On January 1, 2009, Reyes Company purchased a computer system for $25,500. The system had an estimated useful life of 5 years and no residual value. At January 1, 2011, the company revised the remaining useful life to two years. What amount of depreciation will be recorded for 2011 and 2012?



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