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CES Brief Exercise 10-06 Corales Company acquires a delivery truck at a cost of $38,000. The truck is expected to have a salvage value of

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CES Brief Exercise 10-06 Corales Company acquires a delivery truck at a cost of $38,000. The truck is expected to have a salvage value of $6,000 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 first and second years under the declining-balance method. Year1 Year 2 al Annual depreciation expense s

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