Question
Assume that the Benson Company purchased a delivery truck for $11,000 on January 1 2021 with an estimated salvage value of $1,000 at the end
Assume that the Benson Company purchased a delivery truck for $11,000 on January 1 2021 with an estimated salvage value of $1,000 at the end of its four-year service life .
Assume that Benson Company uses a declining-balance.
Required: Compute depreciation expense using Declining Balance Method for year ended December 31 2021.
Answer should be written in numbers only no , or $
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
