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On July 1, 2020 Buffalo's Greenhouse purchased a new delivery truck for $80,000. Buffalo estimates that the delivery truck will have a five-year useful life,
On July 1, 2020 Buffalo's Greenhouse purchased a new delivery truck for $80,000. Buffalo estimates that the delivery truck will have a five-year useful life, or 90,000 kilometres, and a residual value of $8,000. Buffalo's Greenhouse has a December 31 year end. Buffalo drove the truck 10,000 km in 2020 and 36,000 km in 2021. Calculate depreciation expense using the straight-line method for 2020 and 2021. Depreciation Expense 2020 tA eTextbook and Media 2021 $ Calculate depreciation expense using the double-diminishing-balance method for 2020 and 2021. Depreciation Expense 2020 eTextbook and Media 2021 +A Calculate depreciation expense using the units-of-production method for 2020 and 2021. (Round depreciable amount per unit to 2 decimal places, e.g. 5.27 and the final answers to O decimal places, e.g. 5,275.) 2020 Calculate depreciation expense using the units-of-production method for 2020 and 2021. (Round depreciable amount per unit to 2 decimal places, e.g. 5.27 and the final answers to O decimal places, e.g. 5,275.) 2020 Depreciation Expense $ eTextbook and Media 2021 $
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