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A. $120,000 and $72,000 (B.) $124,000 and $74,400 2 c. $120,000 and $186,000 D. $124,000 and $72,000 -to ot Hw9#13: Kinney Company purchased a truck

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A. $120,000 and $72,000 (B.) $124,000 and $74,400 2 c. $120,000 and $186,000 D. $124,000 and $72,000 -to ot Hw9#13: Kinney Company purchased a truck for $66,000. The company expected the truck to last four years or 100,000 miles, with an estimated salvage value of $8,000. During the second year the truck was driven 27,000 miles. Instructions: Compute the depreciation expense for the SECOND YEAR using (1) Straight-line (2) Double-Declining balance and (3) Units-of-Activity (9 points) A. $16,500, $16,500, $15,660 B. $14,500, $16,500, $15,660 c. $14,500, $33,000, $15,660 D. $16,500, $16,500, $16,500 5-18

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