A Utility Vehicle Purchased by Knox Industries Should Last 110,000

question 11

Multiple Choice

A utility vehicle purchased by Knox Industries should last 110,000 miles. The acquisition cost was $21,400 and the salvage value is $1,926. Using the UOP depreciation method, given the annual usage information, calculate the accumulated depreciation at the end of year 2. (Round all dollar amounts to the nearest cent) $$\begin{array} { l l l l } \text { YEAR } & \text { MILES } & \text { YEAR } & \text { MILES } \\\hline 1 & 22,029 & 2 & 22,724 \\3 & 23,420 & 4 & 23,188\end{array}$$

• A) $7,922.99
• B) $4,090.32
• C) $13,344.46
• D) $4,215.60