Each truck cost 30000 and has an expected life of 4 years, Business Economics

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Each truck cost 30000 and has an expected life of 4 years

To meet increased delivery demands, Mary Moo Dairy just purchased 15 new delivery trucks. Each truck cost $30,000 and has an expected life of 4 years. The trucks can each be sold for $8000 after 4 years. Using MACRS depreciation

(a) determine the depreciation allowance for Year 2 for the fleet, and

(b) determine the book value of the fleet at the end of Year 3.

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Business Economics: Each truck cost 30000 and has an expected life of 4 years

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Business Economics: Each truck cost 30000 and has an expected life of 4 years

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