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On July 1, 2020 Sweet Acacia's Greenhouse purchased a new delivery truck for $100,000. Sweet Acacia estimates that the delivery truck will have a
On July 1, 2020 Sweet Acacia's Greenhouse purchased a new delivery truck for $100,000. Sweet Acacia estimates that the delivery truck will have a five-year useful life, or 180,000 kilometres, and a residual value of $10,000. Sweet Acacia's Greenhouse has a December 31 year end. Sweet Acacia drove the truck 15,000 km in 2020 and 39,000 km in 2021. Calculate depreciation expense using the straight-line method for 2020 and 2021. Depreciation Expense eTextbook and Media 2020 2021 $
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