Computing depreciation expense. Office Depot acquired a forklift truck on January 1 of the current year for
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Computing depreciation expense. Office Depot acquired a forklift truck on January 1 of the current year for $40,000. The vehicle has an estimated useful life of six years and $4,000 estimated salvage value. Compute the amount of depreciation expense for the current year under the straight-line, double declining-balance, and sum-of-the-years' -digits depreciation methods. Round calculations to the nearest dollar.
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Financial Accounting Introduction To Concepts Methods And Uses
ISBN: 9780324222975
11th Edition
Authors: Clyde P. Stickney, Roman L. Weil
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