A fleet of refrigerated delivery trucks is acquired on January
5, 2017, at a cost of $830,000 with an estimated useful life of
eight years and an estimated salvage value of $75,000.
Compute the depreciation expense for the first three years using
the double-declining-balance method. (Round your answers to
the nearest dollar.)
|
|
|
Depreciation for the Period |
End of Period |
| Annual Period |
Beginning of Period Book Value |
Depreciation Rate (%) |
Depreciation Expense |
Accumulated Depreciation |
Book Value |
| First Year |
|
|
|
|
|
| Second Year |
|
|
|
|
|
| Third Year |
|
|
|
|
|
|