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1. FZB Trucking purchases a vehicle on 01 January 2018 at $120 000. The vehicle has a salvage value of $20 000, a useful life

1. FZB Trucking purchases a vehicle on 01 January 2018 at $120 000. The vehicle has a salvage value of $20 000, a useful life of 4 years and a depreciation rate of 25% per annum. a. Calculate depreciation expense for the years ending 31 December 2018 b. What was the carrying value of the vehicle at year end 31 December 2018.

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