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Calculate the depreciation expense for each year

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Question - Sunland Pants Company acquires a delivery truck on April 6, 2021, at a cost of $36,000. The truck is expected to have a residual value of $6,400 at the end of its 4-year useful life. Assume that the company has a policy of recording a half-year's depreciation in the year of acquisition and a half-year's depreciation in the year of disposal. Using the double diminishing-balance method, calculate the depreciation expense for each year of the equipment's life.

Reference no: EM133175887

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