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.
Required: Compute depreciation expense using Straight line method for year ended December 31 2021.
Answer should be written in numbers only no , or $
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Accounting A Smart Approach
Authors: Mary Carey, Jane Towers-Clark, Cathy Knowles
2nd Edition
0199674914, 978-0199674916
