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DEF Corp purchased a vehicle on April 30, 2020 for $20,000 and paid an additional $1,500 to ship the vehicle to their location. The vehicle
DEF Corp purchased a vehicle on April 30, 2020 for $20,000 and paid an additional $1,500 to ship the vehicle to their location. The vehicle is esimated to have a $3,500 residual value at the end of its useful life. It is estimated to last for 6 years. Their year-end is Dec 31, 2020. Calculate the depreciation expense using the straight-line method
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