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Choose the correct option Kant Enterprises purchases a truck for $33,000 on July 1, 2014. The truck has an estimated residual value of $3,000, and
Choose the correct option
Kant Enterprises purchases a truck for $33,000 on July 1, 2014. The truck has an estimated residual value of $3,000, and an estimated useful life of 5 years, or a total distance of 300,000 km. 0 If Kant uses the double declining balance method (ie, double the straight line rate), what amount of depreciation expense would it record at December 31, 2014? Select one: a. $12,000 b. $6,600 c. $13,200 d. $6,000 Step by Step Solution
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