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SNeridan Ltd, purchased a deliwery truck on January 1, 2021, at a cost of $86.560. The truck is expected to have a residual valun of
SNeridan Ltd, purchased a deliwery truck on January 1, 2021, at a cost of $86.560. The truck is expected to have a residual valun of $8,170 at the end of its 4i-yuar useful lite. Sheridan has becember 31 vear end. Use the diminiching balance method and assume the depreciation rate is equal to double the straightsiline rate. (a) C.alculate the depreciation for each year of the truck's L fe. (Round answers to 0 decimal ploces, 63.5 .275 .)
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