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Kant Enterprises purchases a truck for $33,000 on July 1, 2014. The truck has an estimated residual value of $3,000, and an estimated useful life
Kant Enterprises purchases a truck for $33,000 on July 1, 2014. The truck has an estimated residual value of $3,000, and an estimated useful life of 5 years, or a total distance of 300,000 km. If Kant uses the double declining balance method (ie. double the straight line rate), what amount of depreciation expense would it record at December 31, 2014? Select one a $12,000 b. $6.600 C$13 200 d $6,000
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