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How do calculate the depreciation expense for each year

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Wildhorse Pants Company acquires a delivery truck on April 6, 2017, at a cost of $42,820. The truck is expected to have a residual value of $5,340 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.

Problem 1: Using the double diminishing-balance method, calculate the depreciation expense for each year of the equipment's life. (Round depreciation rate to 2 decimal places for all calculations, e.g. 33.33% and round answers to 0 decimal places, e.g. 5,276.)

Depreciation - 2017$ ?

Depreciation - 2018$?

Depreciation - 2019$?

Depreciation - 2020?

Reference no: EM132679293

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