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4. On January 1st, 2014 Flynn Treasures bought a truck for $20,000. The truck has an estimated salvage value of $5000 and an expected life
4. On January 1st, 2014 Flynn Treasures bought a truck for $20,000. The truck has an estimated salvage value of $5000 and an expected life of 5 years or 100,000 miles. The company uses double declining depreciation. What will the depreciation expense be in 2016, in which the truck traveled 23,200 miles?
a.$2200
b.$2880
c.$3000
d.$3480
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