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Cullumber Ltd, purchased a delivery truck on January 1, 2021, at a cost of $74.160. Too truck is expected to have a resident value of
Cullumber Ltd, purchased a delivery truck on January 1, 2021, at a cost of $74.160. Too truck is expected to have a resident value of 57.910 at the end of its 4 year useful life Cultumber has a December 31 year end. Use the diminishing balacathod and assume the depreciation rate is equal to double the straight linerate Calculate the depreciation for each year of the truck's life. (Round answers to decimal places 5.275) Depreciation expense 2021 $ 2022 5 2023 5 2024 $
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