the estimated life is 8 years

HUU IIULIC Donavon Company purchased a truck on January 1, 20x1 at a cost of $54,000. The truck had an estimated life of years and an estimated salvage value of $20,000. Donavon's year end is December 31st Required: Compute depreciation expense for the year 20x2 using the double-declining balance method: $17,000 $6,375 $10,125 $13,500 Question 15 0.5 USING THE INFORMATION PRESENTED IN #14, ABOVE, ANSWER THE FOLLOWING: If instead, Donavon uses the straight-line method to depreciate their fixed assets, what is the book value of the equipment at December 31, 20x2