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BE9.6 (L02) Depreciation information for Corales Company is given in BE9.4. Assuming the declining- balance depreciation rate is double the straight-line rate, compute annual depreciation

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BE9.6 (L02) Depreciation information for Corales Company is given in BE9.4. Assuming the declining- balance depreciation rate is double the straight-line rate, compute annual depreciation for the first and second years under the declining-balance method. BE9.4 (LO 2) Corales Company acquires a delivery truck at a cost of $38,000. The truck is expected to have a salvage value of $6,000 at the end of its 4-year useful life. Compute annual depreciation expense for the first and second years using the straight-line method. bonis op

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