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Brief Exercise 9-6 a-b (Part Level Submission) Blossom Ltd. purchased a delivery truck on January 1, 2018, at a cost of $74,320. The truck is
Brief Exercise 9-6 a-b (Part Level Submission) Blossom Ltd. purchased a delivery truck on January 1, 2018, at a cost of $74,320. The truck is expected to have a residual value of $8,010 at the end of its 4-year useful life. Blossom has a December 31 year end. Use the diminishing-balance method and assume the depreciation rate is equal to double the straight-line rate. (a) Calculate the depreciation for each year of the truck's life. (Round answers to 0 decimal places, e.g. 5,275.) Depreciation expense 2018 2019 " 2020 " 2021
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