Crane Ltd. purchased a delivery truck on January 1, 2024, at a cost of $84,000. The truck is expected to have a residual value of $8,400 at the end of its 4-year useful life. Crane has a December 31 year end. Use the diminishing-balance method and assume the depreciation rate is equal to double the straight-line rate. (a) Calculate the depreciation for each year of the truck's life. 2024 Your answer is partially correct. 2025 $ 2027 $ 2026 $ $ Depreciation Expense eTextbook and Media 42000 21000 10500 Save for Later Using multiple attempts has impacted your score. 10% score reduction after attempt 1 Attempts: 2 of 3 used Submit Answer

Crane Ltd. purchased a delivery truck on January 1,2024, at a cost of $84,000. The truck is expected to have a residual value of $8,400 at the end of its 4 -year useful life. Crane has a December 31 year end. Use the diminishing-balance method and assume the depreciation rate is equal to double the straight-line rate. (a) Your answer is partially correct. Calculate the depreciation for each year of the truck's life. Using multiple attempts has impacted your score. Attempts: 2 of 3 used