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A small delivery truck was purchased on January 1 at a cost of $25,000. It has an estimated useful life of four years and an
A small delivery truck was purchased on January 1 at a cost of $25,000. It has an estimated useful life of four years and an estimated salvage value of $5,000. Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the sum of years digit method. Accum. depr. end of Yr. 2:$14,000
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