Arial v 10 B Ivar Ay 32 f H I ] 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 D E G Goodfellow's Flower Shoppe purchased a new delivery van on January 1st. The van cost $45,000 and is expected to have a useful life of 5 years, with a salvage value of $5,000 after that time. Calculate straight-line depreciation for each of the next five years. Cost Salvage equals Depreciable cost less Rate Rate = each period #periods x rate% Depreciation Expense Accumulated Depreciation Book Value 16 Yr 17 1 18 2 19 3 20 4 21 5 22 23 24 25 26 27 10 Asset Depreciable Cost Cost 45,000 45,000 45,000 45,000 45,000 Salvage value = $5000 Straight Line Units of Production + Calculation Mode: Automatic Workbook Statistics F1 8 sa F2 F3 3 @ 2 # 3 $ 4 % 5 6 & 7 Q W tab E R. T T Y