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ABC Inc purchased a delivery truck for $ 3 2 , 0 0 0 on January 1 , 2 0 0 6 . If the

ABC Inc purchased a delivery truck for $32,000 on January 1,2006. If the useful life of the truck is
four years and the residual value is $2,000, determine the yearly depreciation, accumulated
depreciation and book value each year for both straight line and double declining depreciation. The
format is provided below to assist you. Perform calculations using excel.
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