Company acquired a new truck at at cost of $52,000 on January 1, 2019. The truck is expected to be used for 4 years and have a salvage value of $8,000 at that time. The company uses the straight-line method to calculate depreciation. #1. Calculate depreciation expense for 2019 #2 Calculate depreciation expense for 2020 #3 Calculate accumulated depreciation as of 12/31/2019 #4 Calculate accumulated depreciation as of 12/31/2020 #5 Calculate the book value as of 12/31/2020
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