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Bob's Florist purchased a small delivery truck on January 1, 2020. Cost 26,000 Expected residual value 6,000 Estimated useful life in years 5 years Estimated

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Bob's Florist purchased a small delivery truck on January 1, 2020. Cost 26,000 Expected residual value 6,000 Estimated useful life in years 5 years Estimated useful life in miles 100,000 miles Prepare the deprecation schedule using: 1- Straight line method 2- Double Declining method 1- Straight Line (25 marks) Year Depreciable Cost Annual Expense Book Value Accumulated Depreciation 2020 2021 2022 2023 2024 2- Double Declining Method ( 25 marks) Year Depreciable Cost Annual Expense Book Value Accumulated Depreciation 2020 2021 2022 2023 2024

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