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Deuce Company purchased a truck for $80,000 on January 1, 2018 . The asset has an expected salvage value of $8,000 at the end of

Deuce Company purchased a truck for $80,000 on January 1, 2018. The asset has an expected salvage value of $8,000 at the end of its five-year useful life.

Calculate depreciation expense in 2019 (the second year) under:

  1. Straight-line depreciation? (2 points)
  2. Double-declining balance depreciation? (3 points)
  3. Sum-of-years digits depreciation? (3 points)

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