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22. Mikes Tires uses the double-declining-balance method to calculate depreciation for its truck. The company purchased the truck on September 2, 2015, for $15,200 and
22. Mikes Tires uses the double-declining-balance method to calculate depreciation for its truck. The company purchased the truck on September 2, 2015, for $15,200 and a $250 delivery fee. The company expects the truck to last 20 years and have a $1,700 salvage value at that date. Calculate the following: a. Double-declining balance rate
b. Depreciation expense for 2015
c. Depreciation expense for 2016
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