Business, 26.11.2021 17:10 yesseniaroman21
A company purchased a tractor on January 1, 2021, for $65,000. The tractor's useful life is estimated to be 30,000 miles with an expected residual value of $5,000. If the company used the tractor 5,000 miles in 2021 and 3,000 miles in 2022, what is the balance for accumulated depreciation at the end of 2022 using the activity-based method?
A. $6,000.
B. $16,000.
C. $38,000.
D. $10,000.
Answers: 1
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A company purchased a tractor on January 1, 2021, for $65,000. The tractor's useful life is estimate...
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