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A Truck was purchased by the Avenger Co for $25,000 on January 1. The truck has a 5 year useful life, 100,000 mile useful life
A Truck was purchased by the Avenger Co for $25,000 on January 1. The truck has a 5 year useful life, 100,000 mile useful life and a $5,000 salvage value a. Prepare the full 5-year depreciation schedule for - the Straight-Line Method. - Double declining Balance - Activity method 1. Year 1= 20,000 miles 2. Year 2 = 35,000 miles 3. Year 3= 5,000 miles 4. Year 4= 20,000 miles 5. Year 5 = 20,000 miles
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