Question: Ann Torbert purchase a truck for $11,000 on January 1, 2001. The truck will have an estimated salvage value of $1,000 at the end of 5 years. Using the units-of-activity method, the balance in accumulated depreciation at December 31,2002, can be computed by the following formula:
A($11,000 / Total estimated activity) x Units of activity for 2002
B($10,000 /Total estimated activity) x Units of activity for 2002
C($11,000 / Total estimated activity) x Units of activity for 2001 and 2002
D($10,000 / Total estimated activity) x Units of activity for 2001 and 2002
Note: Not available