Hadicke Company purchased a delivery truck for $45,000 on January 1, 2012. The truck was assigned an estimated useful life of 5 years and has a residual value of $10,000. Compute depreciation expense using the double-declining-balance method for the years 2012 and 2013.
Value of TruckUseful lifeResidual value $45,000.005 years$10,000.00 Value of depreciation as per double declining methodDepreciation as per double declining methodStraight-line Depreciation…
