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What is the annual depreciation expense for motor vehicle

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Reference no: EM132616509

Problem 1: Sonic Stereo's Ltd. has recently purchased a motor vehicle. The motor vehicle was purchased for $18682. It is estimated that the motor vehicle has useful life of 6 years and a salvage value of $5295. Under the straight-line depreciation method, what is the annual depreciation expense for the motor vehicle?

Select one:

Option a. $-13088

Option b. $2231

Option c. $3996

Option d. $3114

Reference no: EM132616509

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