Question

Riverbed company purchased a delivery truck for $33,000 on January 1, 2022 the truck has an expected salvage value of 2760 and he suspected to be driven 108,000 miles over estimated useful life of 10 years actual miles driven was 16,000 802,022 and 12,000 602,023 how much is the depreciation expense per mile

Answer 1

0.28

Explanation:

Depreciation Expense per mile:

= (Cost of delivery truck - Salvage value) ÷ Expected miles driver

=(33000-2760)÷108000=0.28 per mile