Question: This will be copy and paste. ABC Inc purchased a delivery truck for $ 32,000 on January 1, 2006. If the useful life of the

This will be copy and paste.

ABC Inc purchased a delivery truck for $ 32,000 on January 1, 2006. If the useful life of the truck is four years and the residual value is $ 2,000, determine the yearly depreciation, accumulated depreciation and book value each year for both straight line and double declining depreciation. The format is provided below to assist you.

		Straight Line


Year	Purchase Price	Depreciation	Accumulated	Book Value
			Depreciation
1
2
3
4





		Double Declining

Year	Purchase Price	Depreciation	Accumulated	Book Value
			Depreciation
1
2
3
4

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