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A truck is purchased for $15,000. The truck is expected to be of use will be sold for $2500. Caleulate the depreciatio each year of

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A truck is purchased for $15,000. The truck is expected to be of use will be sold for $2500. Caleulate the depreciatio each year of the asset's life. (20 points) 1. for 5 years, after which it n allowance and the book value during Use straight-line depreciation. (4 points) Use double declining balance (DDB) switching to straight-line depreciation. (6 points) a. b

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