A small delivery truck was purchased on January 1 at a cost of $15,000. It has an estimated useful life of four years and an estimated salvage value of $3,000.

Prepare an depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the straight-line method.

Year Depericable Cost x Rate (%)= Depreciation Expense Accumulation Depreciation End of Year Book Value End of Year

1 $ $ $ $

2

3

4