Straight-Line Depreciation

A small delivery truck was purchased on January 1 at a cost of $25,000. It has an estimated useful life of four years and an estimated salvage value of $5,000.

Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the straight-line method.

Small Delivery TruckDepreciation ScheduleOn January 1

Year

Depreciable Cost x

Rate (%) =

Depreciation ExpenseAccumulated Depreciation

(End of Year)

Book Value

(End of Year)1$$$$234

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