The Picnic Basket, a popular pizza restaurant, has a thriving delivery business. The Picnic Basket has a fleet of three delivery automobiles. Information related to the fleet is as follows: Instructions
Using the units-of-production method:
a) Determine the depreciation rates per kilometre for each car.
b) Determine the depreciation expense for each car for the current year.
c) Make one compound journal entry to record the annual depreciation expense for the fleet.

Question

The Picnic Basket, a popular pizza restaurant, has a thriving delivery business. The Picnic Basket has a fleet of three delivery automobiles. Information related to the fleet is as follows:  Instructions
Using the units-of-production method: 
a) Determine the depreciation rates per kilometre for each car.
b) Determine the depreciation expense for each car for the current year.
c) Make one compound journal entry to record the annual depreciation expense for the fleet.

Quizplus · Accepted Answer

The Answer of The Picnic Basket, a popular pizza restaurant, has a thriving delivery business. The Picnic Basket has a fleet of three delivery automobiles. Information related to the fleet is as follows:  Instructions
Using the units-of-production method: 
a) Determine the depreciation rates per kilometre for each car.
b) Determine the depreciation expense for each car for the current year.
c) Make one compound journal entry to record the annual depreciation expense for the fleet.

The Picnic Basket, a Popular Pizza Restaurant, Has a Thriving