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A small truck is purchased for $22,000. It is expected to be of use to the company for 6 years, after which it will be
A small truck is purchased for $22,000. It is expected to be of use to the company for 6 years, after which it will be sold for $4,000. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the TVM Factor Table Calculator Partc Your answer is partially correct. Use double declining balance depreciation: EOY Depreciation Deduction Unrecovered Investment 0 $ 22000 1 $ $ 2 $ $ 3 $ $ 4 5 $ 6 $ $ 4000.00 Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +10
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