Straight-Line Depreciation

A small delivery truck was purchased on January 1 at a cost of $10,000. It has an estimated useful life of four years and an estimated salvage value of $2,000.

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

Straight-Une Depreciation A small dellvery truck was purchased on January 1 at a cost of $10,000. it has an estimated useful life of four years and an estimated salvage value of 52,000 . Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the straight-line method