On July 1, 2020 Coronado's Greenhouse purchased a new delivery truck for $90,000. Coronado estimates that the delivery truck will have a five-year useful life, or 115,714 kilometres, and a residual value of $9,000. Coronado's Greenhouse has a December 31 year end. Coronado drove the truck 13,000 km in 2020 and 31,000 km in 2021. Calculate depreciation expense using the straight-line method for 2020 and 2021. Depreciation Expense eTextbook and Media 2020 $ 2021 $
On July 1, 2020 Coronado's Greenhouse purchased a new delivery truck for $90,000. Coronado estimates that the delivery truck will have a five-year useful life, or 115,714 kilometres, and a residual value of $9,000. Coronado's Greenhouse has a December 31 year end. Coronado drove the truck 13,000 km in 2020 and 31,000 km in 2021. Calculate depreciation expense using the straight-line method for 2020 and 2021. Depreciation Expense eTextbook and Media 2020 $ 2021 $
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 4EB: Montello Inc. purchases a delivery truck for $25,000. The truck has a salvage value of $6,000 and is...
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