Corales company acquires a delivery truck at a cost of $58,000. the truck is expected to have a salvage value of $11,000 at the end of its 4-year useful life. compute annual depreciation expense for the first and second years using the straight-line method. year 1 year 2 annual depreciation expense $ 11750 $ 23500

Accumulated depreciation:

Year 1= 11,750

Year 2= 23,500

Explanation:

Giving the following information:

he truck is expected to have a salvage value of $11,000 at the end of its 4-year useful life.  The purchase price is $58,000.

Depreciation method: straight-line.

Depreciation= (purchase price - salvage value)/ useful life

Depreciation= (58,000 - 11,000)/4= $11,750

Annual depreciation:

Year 1: $11,750

Year 2: $11,750

Accumulated depreciation:

Year 1= 11,750

Year 2= 23,500

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

answer; dogs;