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3 On January 1 of the current year, the Company purchased trucks for $83,000. The trucks has an estimated useful life of 5 years and
3 On January 1 of the current year, the Company purchased trucks for $83,000. The trucks has an estimated useful life of 5 years and an estimated salvage value of $8,000. Complete the depreciation schedule below. Each formula in column D must include the DDB function. 4 5 6 7 8 Cost Salvage Life (in years) $83,000 $8,000 5 9 10 11 12 Depreciation Expense Accumulated Depreciation December 31 book value 13 14 15 January 1 book Year value 1 $83,000 2 3 4 5 16 17 18 19 20 $8,000
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