Assume you purchase a new pickup on July 1, 2023, for a cost of $90,000. You estimate a useful life on the truck of 10 years, with a salvage value of $10,000. Calculate depreciation for the first year, as well as the book value at the end of the first year (from July 1 - Dec 31), using Double (200%) Declining Balance depreciation. Next, determine the depreciation for the second year. Tu

Assume you purchase a new pickup on July 1,2023 , for a cost of $90,000. You estimate a useful life on the truck of 10 years, with a salvage value of $10,000. Calculate depreciation for the first year, as well as the book value at the end of the first year (from July 1 - Dec 31), using Double (200\%) Declining Balance depreciation. Next, determine the depreciation for the second year