. Grimwood Trucking Purchased A Tractor Trailer For $171,500. Interline Uses The Units-Of-

Question: 4. Grimwood Trucking Purchased A Tractor Trailer For $171,500. Interline Uses The Units-Of- Activity Method For Depreciating Its Trucks And Expects To Drive The Truck 1,000,000 Miles Over Its 12-Year Useful Life. Salvage Value Is Estimated To Be $24,500. If The Truck Is Driven 90,000 Miles In Its First Year, How Much Depreciation Expense Should Grimwood

4. Grimwood Trucking purchased a tractor trailer for $171,500. Interline uses the units-of-
activity method for depreciating

 

Transcribed image text: 4. Grimwood Trucking purchased a tractor trailer for $171,500. Interline uses the units-of- activity method for depreciating its trucks and expects to drive the truck 1,000,000 miles over its 12-year useful life. Salvage value is estimated to be $24,500. If the truck is driven 90,000 miles in its first year, how much depreciation expense should Grimwood record? Prepare the journal entry


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