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I need help calculating the depreciation for each year. QUESTIONAnswer saved Marked out of 2.00 PFlag question Accounting for Plant Assets Stellar Delivery Service had
I need help calculating the depreciation for each year.
QUESTIONAnswer saved Marked out of 2.00 PFlag question Accounting for Plant Assets Stellar Delivery Service had the following transactions related to its delivery truck: Year 1 Mar. 1 Mar. 2 Purchased for $65,000 cash a new delivery truck with an estimated useful life of five years and a $13,700 salvage value. Paid $1,200 for painting the company name and logo on the truck. ec.Recorded depreciation on the truck for the year. 31 Year 2 July Installed air conditioning in the truck at a cost of $3,616 cash. Although the truck's estimated useful life was unaffected 1its estimated salvage value was increased by $800 ept Paid $450 for truck tune-up and safety inspection. Dec 31 Recorded depreciation on the truck for the year. Year 3 Sept 3 Dec. 31 Installed a set of front and rear bumper guards at a cost of $145 cash. Recorded depreciation on the truck for the year. Year 4 Dec. 31 Recorded depreciation on the truck for the yearStep by Step Solution
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