Question
I NEED HELP WITH MY ASSIGNMENT PLEASE Wildhorse Pants Company acquires a delivery truck on April 6, 2017, at a cost of $42,820. The truck
I NEED HELP WITH MY ASSIGNMENT PLEASE
Wildhorse Pants Company acquires a delivery truck on April 6, 2017, at a cost of $42,820. The truck is expected to have a residual value of $5,340 at the end of its 4-year useful life. Assume that the company has a policy of recording a half-year's depreciation in the year of acquisition and a half-year's depreciation in the year of disposal.
Using the double diminishing-balance method, calculate the depreciation expense for each year of the equipment's life.(Round depreciation rate to 2 decimal places for all calculations, e.g. 33.33% and round answers to 0 decimal places, e.g. 5,276.)
Depreciation - 2017$ ?
Depreciation - 2018$?
Depreciation - 2019$?
Depreciation - 2020?
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