Current Attempt in Progress On July 1, 2023 Waterway's Greenhouse purchased a new delivery truck...
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Current Attempt in Progress On July 1, 2023 Waterway's Greenhouse purchased a new delivery truck for $100,000. Waterway estimates that the delivery truck will have a five-year useful life, or 225,000 kilometres, and a residual value of $10,000. Waterway's Greenhouse has a December 31 year end. Waterway drove the truck 14,000km in 2023 and 36,000km in 2024. (a) Calculate depreciation expense using the straight-line method for 2023 and 2024. 2023 2024 Depreciation Expense $ $
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