Multiple Choice
Paul Hauling has a fleet of 10 large trucks that cost a total of $1,410,000. The fleet is expected to provide 1,000,000 miles of transportation during an estimated 10-year life, and be sold for 10% of the original cost at the end of that time. If the fleet traveled 125,000 miles in the current twelve-month period, what would be the depreciation expense under the straight-line (SL) and units-of-production (U-of-P) methods?
A) SL = $158,625 & U-of-P = $141,000
B) SL = $141,000 & U-of-P = $158,625
C) SL = $126,900 & U-of-P = $176,250
D) SL = $126,900 & U-of-P = $158,625
Correct Answer:
Verified
Correct Answer:
Verified
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