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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 depreclation

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 depreclation in year 4 ? a $25,312,50 b $18,984,375 c $60,000 d $24,468,75

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