Buckingham Ltd. purchases a delivery truck on January 1, 2012, at a cost of $86,000. The truck is expected to have a residual value of $6,000 at the end of its four-year useful life. Buckingham has a December 31 year end. Calculate the depreciation using the straight-line method (a) For each year of the truck s life, (b) In total over the truck s life.

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