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Alma Lee, owner of Dream Rides LLC , purchased a 2 0 2 3 Stretch Hummer for her fleet of luxury cars at a cost

Alma Lee, owner of Dream Rides LLC, purchased a 2023 Stretch Hummer for her fleet of luxury cars at a cost of $100,000. Alma assumes a 5 year useful life at which time she will trade the Hummer in for a new model at a trade-in value of $10,000. Complete a Depreciation schedule for this unit under the straight-line method of depreciation.
YEAR Depreciable Cost Depreciation Rate Depreciation Expense Accum. Depreciation Book Value

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