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Blossom Ltd . purchased a delivery truck on January 1 , 2 0 2 1 , at a cost of $ 8 6 , 2
Blossom Ltd purchased a delivery truck on January at a cost of $ The truck is expected to have a residual value of $ at the end of its year useful life. Blossom has a December year end. Use the diminishingbalance method and assume the depreciation rate is equal to double the straightline rate.
a
Your answer is partially correct.
Calculate the depreciation for each year of the truck's life. Round answers to decimal places, eg
tableDepreciation expense$
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