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WINDSOR INC PURCHASED A DELIVERY TRUCK FOR 32000 ON JANUARY 1, 2022. THE TRUCK HAS...

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Accounting

WINDSOR INC PURCHASED A DELIVERY TRUCK FOR 32000 ON JANUARY 1, 2022. THE TRUCK HAS AN EXPECTED SALVAGE VALUE OF 4000 AND EXPECTED TO BE DRIVEN 100000 MILES OVER ITS ESTIMATED USEFUL LIKE OF 8 YEARS. ACTUAL MILES DRIVEN WERE 16600 IN 2022 AND 13100 IN 2023.

ASSUME THAT WINSOR USES THE STRAIGHT LINE METHOD. PREPARE A JOURNAL ENTRY TO RECORD 2022 DEPRECATION.

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