Question
DEF Inc.s fiscal year ends on December 31. On April 1, 2021, DEF Inc. purchased a truck at a cost of $62,000. The estimated useful
DEF Inc.s fiscal year ends on December 31. On April 1, 2021, DEF Inc. purchased a truck at a cost of $62,000. The estimated useful life of the truck is 3 years. The residual value is estimated at $2,000. The company uses the straight-line depreciation method.
What was the depreciation expense the company recorded in 2022?
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Auditing And GRC Automation In SAP
Authors: Maxim Chuprunov
2013 Edition
3642434525, 978-3642434525
