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Lena Horn bought a Toyota Tundra on January 1 for $ 2 3 , 0 0 0 with an estimated life of 4 years. The

Lena Horn bought a Toyota Tundra on January 1 for $23,000 with an estimated life of 4 years. The
residual value of the truck is $4,600. Assume a straight-line method of depreciation.
a. What will be the book value of the truck at the end of year 4?
Answer is complete and correct.
b. If the Tundra was bought the first year on April 12, how much depreciation would be taken the
first year?
Answer is complete but not entirely correct.
ROUND DEPRECIATION VALUE TO NEAREST WHOLE NUMBER
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