On June 1, ABC Co. purchased a delivery truck for $ 6,200 in cash. The truck was repainted at a cost of $ 700 and a new battery (costing $ 60) and tires (costing $ 275) were installed. The truck has an estimated useful life of 5 years and expected salvage value of $ 825. The company uses DDB method for the first 2 years and changed its method to SL method. 

Calculate the depreciation expense of above fixed asset during its useful life, and show the journal entries.

Answer rating: 100% (QA)

To calculate the depreciation expense for the delivery truck during its useful life well need to compute the depreciation expense for each year using ... View the full answer