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10-6 LO P1 A fleet of refrigerated delivery trucks is acquired on January 5, 2017, at a cost of $880,000 with an estimated useful life

image text in transcribed 10-6 LO P1

A fleet of refrigerated delivery trucks is acquired on January 5, 2017, at a cost of $880,000 with an estimated useful life of 10 years and an estimated salvage value of $79,200.

Compute the depreciation expense for the first three years using the double-declining-balance method.(Round your answers to the nearest dollar.)

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