13)

Oriole Ltd. purchased a delivery truck on January 1, 2021, at a cost of $76,020. The truck is expected to have a residual value of $8,480 at the end of its 4-year useful life. Oriole has a December 31 year end.

Calculate the depreciation using the straight-line method for each year of the trucks life.

Depreciation for each year

$enter depreciation for each year in dollars

Calculate the depreciation using the straight-line method in total over the trucks life

Total depreciation expense

$enter depreciation for each year in dollars