Question
A company purchased a truck on March 1, 2019 at a cost of $100,000. The truck had an estimated useful life of 8 years and
A company purchased a truck on March 1, 2019 at a cost of $100,000. The truck had an estimated useful life of 8 years and an estimated salvage value of $10,000. The company uses the double-declining balance method of depreciation.
State the book value of the truck on December 31, 2020. (Round all numbers to the nearest whole dollar.)
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Managerial Accounting
Authors: Karen Wilken Braun, Wendy M. Tietz
2nd Custom Edition
1269396803, 978-1269396806
