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Question 6 Hilman Company purchased a truck on January 1,2023, at a cost...

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Accounting

Question 6
Hilman Company purchased a truck on January 1,2023, at a cost of $52,000. The company estimated that the truck would have a useful life of 4 years and a residual value of $4,000.
Required:
Complete the following table:
Year Depreciation Depreciation
2023
2024
2025
2026
Which of the two methods in part 1 would result in
a. Lower net income in 2023?
b. Lower net income in 2026?
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