Question: Current Attempt in Progress Your answer is incorrect. Sheridan Pants Company acquires a delivery truck on April 6, 2021, at a cost of $40,000.

Current Attempt in Progress Your answer is incorrect. Sheridan Pants Company acquires a delivery truck on April 6, 2021, at a cost of $40,000. The truck is expected to have a residual value of $6,400 at the end of its 4-year life. Sheridan uses the nearest month method to pro-rate depreciation expense. Calculate annual depreciation expense for the first and second years using straight-line depreciation, assuming Sheridan has a calendar year end. Depreciation - 2021 Depreciation - 2022 +A $ +A $

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