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Compute depreciation expense using the straight line

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Casablanca Hotel purchased a delivery truck for $34,000 on January 1,2014. The truck has an expected salvage value of $2,000, and expected to be driven 100,000 miles over its estimated useful life of 8 years.

Question (a) ?Compute depreciation expense for 2014 and 2015 using the straight line

Question (b) ?Prepare the journal entry to record 2014 depreciation

Question (c) ?What is the book value of the truck in Dec. 2017?

Reference no: EM132495409

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