Question: BE 9 . 4 ( LO 2 ) , AP Gordon Chemicals Company acquires a delivery truck at a cost of $ 3 1 ,

BE9.4(LO 2), AP Gordon Chemicals Company acquires a delivery truck at a cost of $31,000 on January 1,2022. The truck is expected to have a salvage value of $4,000 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straight-line method.
Compute depreciation and evaluate treatment.

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