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Question 6 a): On January 1, 2023, the bookstore purchased a truck for $35,000 (used for transporting inventory). The bookstore will use this truck for

Question 6 a): On January 1, 2023, the bookstore purchased a truck for $35,000 (used for transporting inventory). The bookstore will use this truck for four years at which point it will have a salvage value of $1,500. The total expected usage is 80,000 kilometers. Determine the deprecation rate per KM and fill in the missing data in the table below: Asset Depreciation Number of Depreciation Accumulated Asset Book Date Cost Per Kilometer Kilometers Amount Depreciation Value

Asset Depreciation Number of Depreciation Accumulated Asset Book
Date Cost Per Kilometer Kilometers Amount Depreciation Value
01--23 $35,000
31--23 19,000/00
31--24 21,000/00
31--25 20,000/00
31--26 23,000/00

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