Brief Exercise 9-4 a-b Pharoah Ltd. purchased a delivery truck on January 1, 2018, at a cost of $77,650. The truck is expected to have a residual value of $8,290 at the end of its 4-year useful life. Pharoah has a December 31 year end.

Calculate the depreciation using the straight-line method for each year of the trucks life.

Depreciation for each year

$

Calculate the depreciation using the straight-line method in total over the trucks life.

Depreciation in total

$