Business, 09.04.2020 17:30 kenishawilkinsoy4mgw

On January 1, 2018, Golden Company purchased a delivery truck for $64,000. The van was estimated to have a 5-year useful life and its salvage value was estimated at $4,000. Golden Company uses the straight-line depreciation method. What is the amount of depreciation expense for 2019 and the accumulated depreciation at the end of 2019?

A. Depreciation expense $12,800; accumulated depreciation $12,800
B. Depreciation expense $12,800; accumulated depreciation $25,600
C. Depreciation expense $12,000; accumulated depreciation $12,000
D. Depreciation expense $12,000; accumulated depreciation $24,000

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On January 1, 2018, Golden Company purchased a delivery truck for $64,000. The van was estimated to...

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