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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. Use declining balance depreciation using a rate that ensures the book value equals the salvage value: EOY Depreciation Deduction Unrecovered Investment 0 1 $ 6 $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. Save for Later Attempts: 0 of 3 used Submit
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