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Ben Trucking purchased a new truck for $240,000 with $8,000 residual value. It charges depreciation as 25% using reducing balance method. What is the depreciation

Ben Trucking purchased a new truck for $240,000 with $8,000 residual value. It charges depreciation as 25% using reducing balance method. What is the depreciation in year 4? a $24,468.75 Ob $60,000 $18,984.375 Od $25,312.50

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