Calloway Shoes purchased a delivery truck on September 30,2016,for $32,000.The estimated useful life of the truck is 10 years with no residual value.After five years,the refrigeration unit will need to be replaced.The $8,000 cost of the unit is included in the cost of the truck.Calloway uses the straight-line depreciation method.Depreciation for 2016 under U.S.GAAP and International Financial Reporting Standards (IFRS),respectively,is:

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The Answer of Calloway Shoes purchased a delivery truck on September 30,2016,for $32,000.The estimated useful life of the truck is 10 years with no residual value.After five years,the refrigeration unit will need to be replaced.The $8,000 cost of the unit is included in the cost of the truck.Calloway uses the straight-line depreciation method.Depreciation for 2016 under U.S.GAAP and International Financial Reporting Standards (IFRS),respectively,is:

Calloway Shoes Purchased a Delivery Truck on September 30,2016,for $32,000