Grouper Ltd. purchased a new delivery truck on January 1, 2023. The truck cost $114,840 and was estimated to have a residual value of $1,100. It was estimated that the truck would be driven 517,000 kilometres for the company over its useful life of five years. During 2023, the truck was driven 95,700 kilometres, and 130,000 kilometres in 2024.

Calculate depreciation expense for 2023 and 2024.

* Your answer is incorrect. Grouper Ltd. purchased a new delivery truck on January 1, 2023. The truck cost $114,840 and was estimated to have a residual value of $1,100. It was estimated that the truck would be driven 517,000 kilometres for the company over its useful life of five years. During 2023, the truck was driven 95,700 kilometres, and 130.000 kilometres in 2024. Calculate depreciation expense for 2023 and 2024. (Round depreciation expense per kilometre to 2 decimal places, e.g. 0.25 and final answers to O decimal places, e.g. 5,275.) Depreciation expense 2023 2024 45936 $ 27561