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A small truck is purchased for $52,000. It is expected to be of use to the company for 6 years, after which it will be
A small truck is purchased for $52,000. It is expected to be of use to the company for 6 years, after which it will be sold for $7,000. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Your answer is partially correct. Use double declining balance switching to straight line depreciation: EOY Depreciation Deduction Unrecovered Investment 0 52000 0 1 to 17333 33500 o 0 19259 15407 to 7000 8407 0 to to to 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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