A small delivery truck was purchased on January 1 at a cost of $25,000. It has an estimated useful life of four years and an estimated salvage value of $5,000.
Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the straight-line method.
Small Delivery TruckDepreciation ScheduleOn January 1
Depreciable Cost x
Rate (%) =
Depreciation ExpenseAccumulated Depreciation
(End of Year)
(End of Year)1$$$$234