Pandora Pants Company acquires a delivery truck on April 6 , 2017, at a cost of $49,000. The truck is expected to have a residual value of $3,000 at the end of its four -year life . Pandora uses the nearest month method to pro-rate depreciation expense. Calculate annual depreciation expense for the second year using straight- line depreciation, assuming Pandora has a calendar year end .

Answer rating: 100% (QA)

Calculation of Depreciation for Pandora pants Company Cost of Del... View the full answer