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2) Rangor Sales Inc. bought a delivery truck for $40,000 on January 1. The truck was expected to remain in service for 4 years or

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2) Rangor Sales Inc. bought a delivery truck for $40,000 on January 1". The truck was expected to remain in service for 4 years or 130,000 miles, after which time it would have a residual value of $1,000. Rangor expected to drive 40,000 miles in the first year, 50,000 miles in the second year, 25,000 miles in the third year and 15,000 miles in the fourth year. a) Using the three major depreciation methods, calculate depreciation expense on the truck for each year. b) Which method best tracks actual wear and tear on the truck? What will be the truck's accumulated depreciation at the end of the fourth year? Is this amount different for each depreciation method

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