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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 assets life.
Use double declining balance switching to straight line depreciation: EOY Depreciation Deduction Unrecovered Investment 0 $ 1 $ $ 2 $ $ 3 $ $ 4 $ $ 5 $ $ 6 $ $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is $10. Please enter o for fields with no amounts. Do not leave any fields blank
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