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calculate depreciation expense using double diminishing balance method for 2020 and 2021. On July 1, 2020 Pearl's Greenhouse purchased a new delivery truck for $70,000.

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calculate depreciation expense using double diminishing balance method for 2020 and 2021.

On July 1, 2020 Pearl's Greenhouse purchased a new delivery truck for $70,000. Pearl estimates that the delivery truck will have a five-year useful life, or 157,500 kilometres, and a residual value of $7,000. Pearl's Greenhouse has a December 31 year end. Pearl drove the truck 12,000 km in 2020 and 32,000 km in 2021

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