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On July 1,2023 Bonita's Greenhouse purchased a new delivery truck for $80,000. Bonita estimates that the delivery truck will five a five-year useful life, or

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On July 1,2023 Bonita's Greenhouse purchased a new delivery truck for $80,000. Bonita estimates that the delivery truck will five a five-year useful life, or 90.000 kilometres, and a residual value of $8,000. Bonita's Greenhouse has a December 31 vear end. Bonita drove the truck 17.000km in 2023 and 36,000km in 2024. (a) Calculate depreciation expense using the straight-line method for 2023 and 2024

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