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Blue Spruce Company acquires a delivery truck at a cost of $82,000 on January 1,2022. The truck is expected to have a salvage value of

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Blue Spruce Company acquires a delivery truck at a cost of $82,000 on January 1,2022. The truck is expected to have a salvage value of $3,000 at the end of its 4-year useful life. Assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the furst and second years under the declining balance method

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