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Edelweiss Tours purchased a new tour bus for $36,000. Shipping charges were $1,800 and other costs associated with the bus amounted to $620. The bus

Edelweiss Tours purchased a new tour bus for $36,000. Shipping charges were $1,800 and other costs associated with the bus amounted to $620. The bus is expected to last 4 years and has a residual value of $4,000. Lion elects to use the straight-line method of depreciation.

a.

What is the amount of total depreciation?

b.

What is the amount of the annual depreciation?

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a.	What is the amount of total depreciation?
b.	What is the amount of the annual depreciation?