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A fleet of refrigerated delivery trucks is acquired on January 5, 2017, at a cost of $870,000 with an estimated useful life of 8 years
A fleet of refrigerated delivery trucks is acquired on January 5, 2017, at a cost of $870,000 with an estimated useful life of 8 years and an estimated salvage value of $78,300. Compute the depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.)
End of Period Depreciation for the Period Beginning of Depreciation Period Book Depreciation Value Rate(%) Expense Annual Period Accumulated Depreciation Book Value First Year Second Year Third Year
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