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Lena Horn bought a Toyota Tundra on January 1 for $37,200 with an estimated life...

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Accounting

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Lena Horn bought a Toyota Tundra on January 1 for $37,200 with an estimated life of 5 years. The residual value of the truck is $6.200. Assume a straight-line method of depreciation. a. What will be the book value of the truck at the end of year 4 ? b. If the Tundra was bought the first year on April 12, how much depreciation would be taken the first year

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