question archive Gordon Chemicals Company acquires a delivery truck at a cost of $31,000 on January 1, 2017
Gordon Chemicals Company acquires a delivery truck at a cost of $31,000 on January 1, 2017
Subject:AccountingPrice: Bought3
Gordon Chemicals Company acquires a delivery truck at a cost of $31,000 on January 1, 2017. The truck is expected to have a salvage value of $4,000 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straightline method.
