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D Use for questions 13-15 Grover Corporation purchased a truck at the beginning of 2018 for $45,000. The truck is estimated to have a salvage
D Use for questions 13-15 Grover Corporation purchased a truck at the beginning of 2018 for $45,000. The truck is estimated to have a salvage value of $5,000 and a useful life of 100,000 miles or 7 years. It was driven 34,000 miles in 2018 and 38,000 miles in 2019. Grover uses the half-year rule. For tax reporting purposes, Grover uses MACRS and the asset is classified as a 5-year property. Round all calculations to the nearest dollar. Question 13 2 pts What is depreciation expense for 2019 for financial reporting purposes using the units of production? Edit View Insert Format Tools Table 12pt v Paragraph VIV Ty : Question 14 2 pts What is depreciation expense for 2019 for financial reporting purposes using the double declining balance method? Edit View Insert Format Tools Table 2 pts What is depreciation expense for 2019 for tax purposes based on MACRS? Grover elects not to use the alternative straight-line method
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