Computing Depreciation two calendar years under the straight-line depreciation method. Depreciation in Year 1: $ Depreciation in Year 2: $

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: $ Depreciation in Year 2: $