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On July 1, 2020 Coronado's Greenhouse purchased a new delivery truck for $70,000. Coronado estimates that the delivery truck will have a five-year useful

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On July 1, 2020 Coronado's Greenhouse purchased a new delivery truck for $70,000. Coronado estimates that the delivery truck will have a five-year useful life, or 78,750 kilometres, and a residual value of $7,000. Coronado's Greenhouse has a December 31 year end. Coronado drove the truck 10,000 km in 2020 and 34,000 km in 2021. Calculate depreciation expense using the straight-line method for 2020 and 2021. 2020 Depreciation Expense $ 6300 2021 +A $ 12600

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