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The following data for a small delivery truck purchased by Barb's Florists on January 1, 2015. Cost $13,000. Expected salvage value $1,000. Estimated useful life(years)
The following data for a small delivery truck purchased by Barb's Florists on January 1, 2015. Cost $13,000. Expected salvage value $1,000. Estimated useful life(years) 4 a) Prepare a 4-years depreciation schedule, using the straight-line method. (4 marks) b) Journalize the depreciation expense on Dec. 31, 2018. (1 mark) 1 A- B I iii III $$ U S ub X2 x2 E HI I a- Dep. Schedule: Year Depreciation rate Annual Book value Depreciable cost Accumulated depreciation depreciation 2015 2016 2017 2018
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