Question: Computing Depreciation A delivery van costing $22,200 is expected to have a $1,740 salvage value at the end of its useful life of five years.

Computing Depreciation A delivery van costing $22,200 is expected to have a $1,740 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. Depreciation in Year 1: $ 18,054 Depreciation in Year 2: $ 18,054

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