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Sal’s Towing Company just purchased a new tow truck for $45,000. The company estimates a 180-month useful life with no salvage value. The annual depreciation expense is:
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Sal’s Towing Company just purchased a new tow truck for $45,000. The company estimates a 180-month useful life with no salvage value. The annual depreciation expense is:

User Simon Verhoeven
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1 Answer

3 votes

Answer:

3000

Step-by-step explanation:

180 months is 15 years (180/12 months)

so 45000/15 years= 3000/year

User Mohit Mehta
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