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The Western Salvage Service bought three trucks. The following table shows the cost, estimated life,...

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Accounting

The Western Salvage Service bought three trucks. The following table shows the cost, estimated life, and resale estimate for each truck. Compute the amount of depreciation for each vehicle for the first 2 years using the straight-line method. Round your intermediate calculations and final answers to the nearest dollar.

Original Cost Estimated Life Resale Estimate Depreciation for First Two Years
a. $31,000 6 yr $4,000 $
b. $43,000 8 yr 2,000 $
c. $60,000 7 yr 11,000 $

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