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A company has an accountant who, when originally setting up the delivery trucks into the accounting system, did not want to calculate the expected salvage
A company has an accountant who, when originally setting up the delivery trucks into the accounting system, did not want to calculate the expected salvage value for each vehicle. They left the salvage value at $0 even though this is not the case. What effect does leaving the salvage value at $0 do for depreciation? Discuss the differences, if any, between straight-line, double-declining, and units-of-production methods.
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