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ACCOUNTING: Questions A2/B1/B2 HELP (ACCURATE ANSWERS PLS 1 ATTEMPT) Novak Company purchased a delivery truck for $27,000 on January 1,2022 . The truck has an

ACCOUNTING: Questions A2/B1/B2
HELP
(ACCURATE ANSWERS PLS 1 ATTEMPT) image text in transcribed
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Novak Company purchased a delivery truck for $27,000 on January 1,2022 . The truck has an expected salvage value of $1,000, and is expected to be driven 100,000 miles over its estimated useful life of 10 years. Actual miles driven were 13,400 in 2022 and 13,900 in 2023. Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. (Round depreciation cost per unit to 2 decimal places, e.s. 0.50 and depreciation rate to 0 decimal places, e.g. 15\%. Round final answers to 0 decimal places, e.g. 2,125.) amarinf 1

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