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Scenario 31: Depreciation Calculation - Coca-Cola Company Coca-Cola Company purchased a delivery van for $40,000 on January 1, 2021. The van has an estimated useful

Scenario 31: Depreciation Calculation - Coca-Cola Company

Coca-Cola Company purchased a delivery van for $40,000 on January 1, 2021. The van has an estimated useful life of 5 years and a salvage value of $5,000. They use the straight-line method for depreciation.

Calculate the annual depreciation expense for the years 2021, 2022, and 2023 for Coca-Cola Company.

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