On July 1, 2020 Coronado's Greenhouse purchased a new delivery truck for $90,000. Coronado estimates that the delivery truck will have a five-year useful life, or 115,714 kilometres, and a residual value of $9,000. Coronado's Greenhouse has a December 31 year end. Coronado drove the truck 13,000 km in 2020 and 31,000 km in 2021. Calculate depreciation expense using the straight-line method for 2020 and 2021. Depreciation Expense eTextbook and Media 2020 $ 2021 $

On July 1, 2020 Coronado's Greenhouse purchased a new delivery truck for $90,000. Coronado estimates that the delivery truck will have a five-year useful life, or 115,714 kilometres, and a residual value of $9,000. Coronado's Greenhouse has a December 31 year end. Coronado drove the truck 13,000 km in 2020 and 31,000 km in 2021. Calculate depreciation expense using the straight-line method for 2020 and 2021. Depreciation Expense eTextbook and Media 2020 $ 2021 $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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