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Ayayai Corporation purchased a truck at the beginning of 2023 for $37,800. The truck is estimated to have a residual value of $3,000 and a
Ayayai Corporation purchased a truck at the beginning of 2023 for $37,800. The truck is estimated to have a residual value of $3,000 and a useful life of 290,000km. It was driven for 69,000km in 2023 and 77,000km in 2024. (a) Your answer is correct. Calculate depreciation expense for 2023 and 2024 using the units of production method. (Round depreliation per km to 4 decimal places, eg. 15.1254 and round final answers to 0 decimal places, e.g. 5,275.) For tax purposes, the asset is considered eligible equipment for the Accelerated Investment Incentive. The asset's CCA rate is 30\%. Calculate the CCA for 2023 and 2024
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