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A tractor for over-the-road hauling is purchased for $90,000. It is expected to be of use to the company for 6 years, after which it
A tractor for over-the-road hauling is purchased for $90,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,000. Calculate the depreciation deduction and the unrecovered investment during each year of the tractor's life. Use double declining balance switching to straight line depreciation. Please show excel equations if excel is used!
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