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Current Attempt in Progress Tamarisk Ltd. purchased a new delivery truck on January 1, 2020. The truck cost $129,400, and was estimated to have a
Current Attempt in Progress Tamarisk Ltd. purchased a new delivery truck on January 1, 2020. The truck cost $129,400, and was estimated to have a residual value of $900. It was estimated that the truck would be driven 514,000 kilometres for the company over its useful life of five years. During 2020, the truck was driven 96,500 kilometres, and 128.000 kilometres in 2021. Calculate depreciation expense for 2020 and 2021. (Round depreciation expense per kilometre to 2 decimal places, e.g. 0.25 and final answers to decimal places, e.g. 5,275.) 2020 2021 Depreciation expense $ $
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