Question: A delivery van costing $ 9 9 , 9 0 0 is expected to have a $ 7 , 8 0 0 salvage value at

A delivery van costing $99,900 is expected to have a $7,800 salvage value at the end of its useful life of five years. Assume that the truck was purchased on January 1. Compute the depreciation expense for the first two calendar years under the straight-line depreciation method.
First calendar year depreciation:Answer 1Second calendar year depreciation:Answer 2

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