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A truck costs $9,200 with a residual value of $1,000. It is estimated that the useful life of the truck is 4 years. The amount
A truck costs $9,200 with a residual value of $1,000. It is estimated that the useful life of the truck is 4 years. The amount of depreciation expense in year 2 by using the declining-balance method at twice the straight-line rate is:
$2,300 | ||
$4,600 | ||
$3,200 | ||
$6,400 | ||
None of these |
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