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Carla Vista Ltd. purchased a delivery truck on January 1,2021, at a cost of $76,560. The truck is expected to have a residual value of
Carla Vista Ltd. purchased a delivery truck on January 1,2021, at a cost of $76,560. The truck is expected to have a residual value of $8,400 at the end of its 4 -year useful life. Carla Vista has a December 31 year end.
(a) Calculate the depreciation using the straight-line method for each year of the truck's life. Depreciation for each year $
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