Adelivery van that cost $40,000 has an expected service life of eight years and a residual value of $4,000. depreciation expense for the second year of the asset's life using the straight-line method is:

$4500

Explanation:

Given: Purchase cost of Van= $40000

           Estimated useful life= 8 years

           residual value= $4000

As given we have to use straight line method for finding depreciation expense;

Formula, Depreciation expense=

Annual depreciation expense=

∴ Depreciation expense=

We know that in straight line method of depreciation, depreciation expense will remain same for all useful life of asset, however, book value changes.

∴ Depreciation expense for second year will also be $4500.

a. $48.75

is the answer to your question

the law, public safety, corrections, and security cluster prepares people for careers in planning, managing, and providing legal, public safety, protective services and homeland security, including professional and technical support services.