Company purchased a new car for use in its business on January 1,

2017.

It paid

$21,000

for the car.

Dazzle

expects the car to have a useful life of four years with an estimated residual value of zero.

Dazzle

expects to drive the car

50,000

miles during

2017,

45,000

miles during

2018,

50,000

miles in

2019,

and

55,000

miles in

2020,

for total expected miles of

200,000.

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Part 2

(Complete all answer boxes. Enter a "0" for any zero values.)

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Part 1

	Straight-line method
	Annual
	Depreciation		Accumulated
Year	Expense		Depreciation		Book Value
Start
2017
2018
2019
2020

Requirements

Dialog content starts

Using the straight-line method of depreciation, calculate the following amounts for the car for each of the four years of its expected life:

a.	Depreciation expense
b.	Accumulated depreciation balance
c.	Book value