Question

Fernandez Corporation purchased a truck at the beginning of 2014 for $50,000. The truck is estimated to have a salvage value of $2,000 and a useful life of 160,000 miles. It was driven 23,000 miles in 2014 and 31,000 miles in 2015.

Compute depreciation expense for 2014 and 2015 using units of production method.

Answer 1

The depreciation for 2014 is $6900

The depreciation for 2015 is $9300

Step-by-step explanation:

Please see attachment .