7. Depreciation expense. Brock Florist Company buys a new delivery truck for $29,000. It is classified as a light-duty truck. a. Calculate the depreciation schedule using a five-year life, straight-line depreciation, and the half-year convention for the first and last years. Annual depreciation: A First and last year depreciation: A. If the tax rate for this company is 30%, the value of the tax shield created by the full year depreciation is A