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Cullumber Deliveries acquired a truck at a cost of $ 53,760 on January 1, 2014....

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Accounting

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Cullumber Deliveries acquired a truck at a cost of $ 53,760 on January 1, 2014. The truck is expected to have a salvage value of $ 6,720 at the end of its 4-year useful life. Cullumber uses the straight-line method. Prepare the journal entry to record annual depreciation for 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually:) Account Titles and Explanation Debit Credit

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