Question
A delivery truck has a depreciation basis of $50,000 and the depreciation schedule for the truck is as follows: Year 1 2 3 4 Depreciation
A delivery truck has a depreciation basis of $50,000 and the depreciation schedule for the truck is as follows:
| Year | 1 | 2 | 3 | 4 |
| Depreciation | 33% | 45% | 15% | 7% |
What is the book value of the truck after 2 years?
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
4th edition
978-1259995057, 1259995054, 978-0077503987, 77503988, 978-0077639730
