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Can someone help me solve question 1a , 1b ? Thanks For the following questions, allocate the depreciation expense in each fiscal period. The company's

Can someone help me solve question 1a , 1b ? Thanks image text in transcribed
For the following questions, allocate the depreciation expense in each fiscal period. The company's fiscal year- end is December 31. Show ALL your work. Declining Balance rates: truck 30%, equipment 20%, building 5% 1. A truck was purchased on April 1, 2019 for $30,000. It is expected to last for 3 years, at the end of which the truck would have a salvage value of $6,000. a. Straight-Line (5 marks) 2018 2019 2020 2021 2022 b. Declining-balance (10 marks) Original Cost/Book Value 2018 % Depreciation Expense Undepreciated Value 2019 2020 2021 2022

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