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Brief Exercise 9-5 Corales Company acquires a delivery truck at a cost of $69,600. The truck is expected to have a salvage value of $5,400

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Brief Exercise 9-5 Corales Company acquires a delivery truck at a cost of $69,600. The truck is expected to have a salvage value of $5,400 at the end of its 5-year useful life. Assuming the declining-balance depreciation rate is double the straight-line rate. Compute annual depreciation for the first and second years under the declining-balance method. Year 1 Year 2 Annual depreciation under the declining-balance methode TN TO TY

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