A company acquired the following assets: a. Conveyor, 5-year useful life, $48,000 cost, straight-line method, $5,000 expected

Question:

A company acquired the following assets:
a. Conveyor, 5-year useful life, $48,000 cost, straight-line method, $5,000 expected residual value
b. Truck, 3-year useful life, $18,000 cost, DDB method, $1,500 expected residual value Compute the first 3 years of depreciation for each asset.