A small truck is purchased for 28000 It is expected to be of

A small truck is purchased for $28,000. It is expected to be of use to the company for 5 years, after which it will be sold for $6,900 . Determine the depreciation deduction at the fifth year ‘using SLN.

Excel function of using straight line depreciation year is SLN( cost, salvage, life )

Accordingly, SLN(28000,6900,5) = $ 4220