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PLEASE EXPLAIN HOW TO SOLVE USING EXCEL ONLY, THANK YOU! Your firm buys a truck to transport goods directly to your main customers' facilities. The

PLEASE EXPLAIN HOW TO SOLVE USING EXCEL ONLY, THANK YOU!image text in transcribed

Your firm buys a truck to transport goods directly to your main customers' facilities. The value of the truck is $10 and its useful life is 5 years (Your company assumes there is no residual value). If the depreciation is calculated using MACRS, what is the depreciation expense on year 1 ? Round your answer to the nearest two decimals if needed. Do not type the $ symbol

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