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Crane Deliveries acquired a truck at a cost of $66,560 on January 1, 2014. The truck is expected to have a salvage value of $8,320
Crane Deliveries acquired a truck at a cost of $66,560 on January 1, 2014. The truck is expected to have a salvage value of $8,320 at the end of its 4-year useful life. Crane uses the straight-line method. Prepare the journal entry to record annual depreciation for 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
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