Cameron Company purchased a new vehicle on September 1, 2022, for 54,000. the car has an expected salvage value of 6,000 and is expected to last 5 years. The car will be depreciated using the straight-line method.

Cameron Company purchases a new vehicle on September 1,2022 for $54,000. The vehicle has an expected salvage value of $6,000 and is expected to last 5 years. The vehicle will be depreciated using the straight-line method. a. What is the amount of depreciation expense for the vehicle for the 2022 year? b. What will the net book value of the vehicle be at the end of the 2023 year? 9,600+3,2001full1yearfromyo23)yearye2year c. What will be the amount of accumulated depreciation for the vehicle at the end of five years