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Monty Corporation purchased a truck at the beginning of 2020 for $72,600. The truck is estimated to have a residual value of $3,000 and a

Monty Corporation purchased a truck at the beginning of 2020 for $72,600. The truck is estimated to have a residual value of $3,000 and a useful life of 290,000 km. It was driven for 64,000 km in 2020 and 68,000 km in 2021.

Calculate depreciation expense for 2020 and 2021 using the units of production method. (Round per km to 4 decimal places, e.g. 15.1254 and round final answers to 0 decimal places, e.g. 5,275.)
2020 2021

Depreciation expense

$enter a dollar amount rounded to 0 decimal places

$enter a dollar amount rounded to 0 decimal places

LINK TO TEXT

LINK TO TEXT

For tax purposes, the assets capital cost allowance (CCA) rate is 30%. Calculate the CCA for 2020 and 2021.
2020 2021

Capital Cost Allowance (CCA)

$enter a dollar amount

$enter a dollar amount

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