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CH9 question Sheridan Deliveries acquired a truck at a cost of $72,960 on January 1, 2014. The truck is expected to have a salvage value

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CH9 question
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Sheridan Deliveries acquired a truck at a cost of $72,960 on January 1, 2014. The truck is expected to have a salvage value of $9,120 at the end of its 4 -year useful life. Sheridan uses the straight-line method. Prepare the journal entry to record annual depreciation for 2015. (Credit acoount titles are automatically indented when amount is entered. Do not indent manually.)

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