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A small truck is purchased for $102,000. It is expected to be of use to the company for 6 years, after which it will be
A small truck is purchased for $102,000. It is expected to be of use to the company for 6 years, after which it will be sold for $12,000. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Part c Use double declining balance depreciation: EOY Depreciation Deduction Unrecovered Investment O $ 1 $ $ 2 $ $ 3 $ 4 $ $ 5 $ 6 $ A Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +10. Note! Manually calculated values of dt (Depreciation Deduction) would normally be adjusted such that Bt (Unrecovered Investment) does not go below the salvage value. Ignore these adjustments in this case. Save for Later Attempts: 0 of 3 used Submit
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