Problem
To meet increased delivery demands, Mary Moo Dairy just purchased 15 new delivery trucks. Each truck cost $30,000 and has an expected life of 4 years. The trucks can each be sold for $8000 after 4 years. Using MACRS depreciation
(a) Determine the depreciation allowance for Year 2 for the fleet, and
(b) Determine the book value of the fleet at the end of Year 3.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.