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08.02-PR003 WP A small truck is purchased for $17,000. The truck is expected to be of use to the company for 6 years, after which
08.02-PR003 WP A small truck is purchased for $17,000. The truck is expected to be of use to the company for 6 years, after which it will be sold for $3,500. a. Use straight-line depreciation. b. Use declining balance depreciation with a rate that ensures the book value equals the salvage value. c. Use double declining balance depreciation. d. Use double declining balance switching to straight-line depreciation
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