Art Corp bought a tractor on May 1, 2019 for $80,000. The tractor is expected to...
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Art Corp bought a tractor on May 1, 2019 for $80,000. The tractor is expected to have a useful life of 8 years and a $12,000 salvage value. If Art uses double declining balance depreciation, how much depreciation should Art record for 2019? Select one: O $5,833 O $11,333 O $13,333 O $15,000 $11,667 Art Corp bought a tractor on May 1, 2019 for $80,000. The tractor is expected to have a useful life of 8 years and a $12,000 salvage value. If Art uses double declining balance depreciation, how much depreciation should Art record for 2019? Select one: O $5,833 O $11,333 O $13,333 O $15,000 $11,667
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