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A small truck is purchased in July, 2010 for $17,000. The truck Is expected to be of use for 6 years. after which it will
A small truck is purchased in July, 2010 for $17,000. The truck Is expected to be of use for 6 years. after which it will be sold for S3500. Calculate the depreciation deduction for each year using the following depreciation methods: a. Straight-line b. Double declining balance C. DDB switching to SL d. MACRS-GDS e. Repeat part d if the truck is sold in April 2012 for $10,000
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