A small truck is purchased for $32,000. It is expected to be of use to the company for 6 years, after which it will be sold for $5,000. Determine the depreciation deduction and the resulting unrecovered investment during each year of the assets life.

Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 10.

Attempts: 1 of 3 used

Part b

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Your answer is partially correct.

Use declining balance depreciation using a rate that ensures the book value equals the salvage value:

EOY	Depreciation Deduction	Unrecovered Investment
0
1	$enter a dollar amount	$enter a dollar amount
2	$enter a dollar amount	$enter a dollar amount
3	$enter a dollar amount	$enter a dollar amount
4	$enter a dollar amount	$enter a dollar amount
5	$enter a dollar amount	$enter a dollar amount
6	$enter a dollar amount	$enter a dollar amount