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On January 1, 2018 Texas Top Retailer purchased a truck that cost a total of...

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Accounting

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On January 1, 2018 Texas Top Retailer purchased a truck that cost a total of $70,000. The truck has an estimated useful life of 4 years and no residual value. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole dollar. Complete the table assuming the company uses double-declining balance depreciation Year Beginning of the Year Book Value 70000 Depreciation Expenso Accumulated Depreciation Net Book Value 2018 2019 35000 2020 17500 2021 8750

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