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Deuce Company purchased a truck for $50,000 on January 2, 2018. The asset has an expected salvage value of $5,000 at the end of its
Deuce Company purchased a truck for $50,000 on January 2, 2018. The asset has an expected salvage value of $5,000 at the end of its five-year useful life.
A) What depreciation method is used if depreciation expense is $6,000 in 2021?
B) How much is the depreciation expense in 2019 if double-declining balance depreciation is used?
C) How much is the depreciation expense in 2019 if sum-of-years digits depreciation is used?
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