Depreciation exercises
Calculate and record straight-line depreciation.
Item 1 of 12
Freeintermediate
Annual straight-line depreciation
FixRight Appliance Repair bought a van on January 1 for $26,000.00. It expects to use it for 4 years with a salvage value of $2,000.00, using straight-line depreciation. Record depreciation for the year ended Dec 31, 2026.