Depreciation expense on the truck


On January 1, 2009, Spark Company purchased a delivery truck that cost $40,000. Cash of $10,000 was paid, and the balance of $30,000 was payable on January 31, 2010. The truck has an estimated useful life of four years and no residual value. Considering only these facts, depreciation expense (on the truck) for 2009, would be??

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Accounting Basics: Depreciation expense on the truck
Reference No:- TGS060885

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