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Depreciation On July 2, 2019 WestCo bought a truck for $76,000. It was determined that the truck would be used for eight years or until
Depreciation On July 2, 2019 WestCo bought a truck for $76,000. It was determined that the truck would be used for eight years or until it travelled 300,000 kilometers and then it would be sold for about $16,000. The company's year-end is December 31. The kilometers the truck was actually driven were as follows: 2019: 62,000 km 2020: 100,000 km 2021: 80,000 km 2022: 110,000 km Complete the following depreciation schedule by calculating annual depreciation expense to the nearest whole month for 2019, 2020, 2021 & 2022. Round final answers to the nearest dollar but DO NOT round during calculations. If an amount is zero, write "O" - no marks will be awarded for blank cells Year Using Double-Declining Method Using Units of Production Method Using Straight Line Method 2019 2020 2021 2022
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