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A small truck is purchased for $67,000. It is expected to be of use to the company for 6 years, after which it will be
A small truck is purchased for $67,000. It is expected to be of use to the company for 6 years, after which it will be sold for $8,500. 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: Depreciation Deduction Unrecovered Investment 0 1 $ $ $ 2 A 3 % A A A 5 $ A 6 $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar
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