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Connor manufacturing acquired a Delivery Truck on January 30th, 2016 at a cost of $20,000. The Salvage of the truck was estimated at $2,000. The
Connor manufacturing acquired a Delivery Truck on January 30th, 2016 at a cost of $20,000. The Salvage of the truck was estimated at $2,000. The truck was estimated to have a useful life of 5 years.
Compute the amount of depreciation expense for years 2016,2017,2018
1. Straight-line method for 2016 $ , 2017 $ , 2018 $
2. Double-declining balance method
2016
2017
2018
Please show ALL work
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