Bravo Company purchased a truck on October 1, 2016. Bravo paid $10,000
Bravo Company purchased a truck on October 1, 2016. Bravo paid $10,000
for the truck in addition to $500 registration & sales taxes. The truck is expected to have a $2,000 residual value and a 5-year life. Bravo has a December 31 fiscal year end. Using the double-declining balance method, how much is: (Enter only whole dollar values.)
-the 2017 depreciation expense
-the accumulate depreciation after the fiscal year 2017 adjusting entry
-the book value of the truck after the fiscal year 2017 adjusting entry