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Ending book value ($) $181,000 (new) Some trucks purchased by a U-Haul franchise should last 7 years. The purchase price was $176,000. Shipping costs
Ending book value ($) $181,000 (new) Some trucks purchased by a U-Haul franchise should last 7 years. The purchase price was $176,000. Shipping costs were $5,000. The trade-in (salvage value) is $21,000. Prepare a depreciation schedule by using the double-declining-balance method for the trucks. (Round dollar amounts to the nearest cent. Round your percentages to six decimal places.) U-Haul Double-Declining-Balance Depreciation Schedule Truck Fleet End of Year Beginning Book Value ($) Depreciation Rate (%) Depreciation for the Year ($) Accumulated Depreciation ($) $ $ 0.285714 1 $ 181000 51712 $ 51712 129288 % 2 3 +A 4 5 +A 6 +A Enter a number. % % 7 A +A $ +A % +A +A +A % % % $ +A +A +A $ +A +A $ $ +A +A
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Answer To prepare a depreciation schedule using the doubledecliningbalance method for the trucks we can follow these steps Step 1 Calculate the straig...Get Instant Access to Expert-Tailored Solutions
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