Dimitri Company has a delivery truck that was purchased for $42,000 and has a residual value of $5,000. It expects the truck to last 125,000 kilometres. During Year 1, the truck traveled 32,500 kilometres and during Year 2, the truck traveled 28,500 kilometres. What is the depreciation expense for Year 2 to the nearest dollar using the units-of-production method? (Round to three decimal places to get the unit rate.) Record the journal entry required in year 2 to record depreciation.

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The Answer of Dimitri Company has a delivery truck that was purchased for $42,000 and has a residual value of $5,000. It expects the truck to last 125,000 kilometres. During Year 1, the truck traveled 32,500 kilometres and during Year 2, the truck traveled 28,500 kilometres. What is the depreciation expense for Year 2 to the nearest dollar using the units-of-production method? (Round to three decimal places to get the unit rate.) Record the journal entry required in year 2 to record depreciation.

Dimitri Company Has a Delivery Truck That Was Purchased for $42,000