Crane Pants Company acquires a delivery truck on April 6, 2021, at a cost of $42,000. The truck is expected to have a residual value of $6,800 at the end of its 4-year useful life. Assume that the company has a policy of recording a half-years depreciation in the year of acquisition and a half-years depreciation in the year of disposal.

Using the double diminishing-balance method, calculate the depreciation expense for each year of the equipments life.

a.)

Depreciation - 2021		$
Depreciation - 2022		$
Depreciation - 2023		$
Depreciation - 2024		$