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6) Depreciation Methods Roarin' Tigers purchased a semi-truck for $450,000 at the beginning of year 1. The semi-truck has an estimated useful life of five
6) Depreciation Methods Roarin' Tigers purchased a semi-truck for $450,000 at the beginning of year 1. The semi-truck has an estimated useful life of five years and an estimated residual value of $40,000. The semi-truck, which should (hopefully) last 200,000 miles was operated 50,000 miles in year 1; 45,000 in year 2; 65,000 miles in year 3; 35,000 miles in year 4; and 25,000 miles in year 5. a) Compute the annual depreciation and carrying value for the baja for each year assuming the following depreciation methods: 1) straight line, 2) production, and 3) double-declining balance
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