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Crane Ltd . purchased a delivery truck on January 1 , 2 0 2 4 , at a cost of $ 7 1 , 0

Crane Ltd. purchased a delivery truck on January 1,2024, at a cost of $71,000. The truck is expected to have a residual value of $7,100 at the end of its 4-year useful life. Crane has a December 31 year end.Calculate the depreciation using the straight-line method for each year of the truck's life.Depreciation for each year$Calculate the depreciation using the straight-line method in total over the truck's life.Total depreciation expense$

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