ABC Co purchased a vehicle costing $70,000. They also paid a delivery fee of $2,000. For what amount should the company record the asset.

ABC Co purchased a vehicle costing $70,000. They also paid a delivery fee of $2,000. For what amount should the company record the asset. ABC Co purchased equipment costing $6,000. The useful life of the equipment is 5 years and there is no salvage value. ABC uses the straight-line depreciation method. What is the monthly depreciation expense? ABC Co purchased equipment costing $6,000. The useful life of the equipment is 5 years and there is no salvage value. ABC uses the straight-line depreciation method. After the first depreciation expense journal entry, what is book value of the equipment