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Expert Q&A Done Part 1 Prepare a depreciation schedule showing depr. exp., accumulated depreciation and ending book value, year-by-year 3 schedules for the 3 methods:
Expert Q&A Done Part 1 Prepare a depreciation schedule showing depr. exp., accumulated depreciation and ending book value, year-by-year 3 schedules for the 3 methods: straight-line, units-of- production, double declining basis. Asset is a delivery Truck Est. Life. Orig. Cost Basis24,500.00 Est. Residual Value Est. total mileage 100,000 miles driven, Y 22,500 miles driven, Yr 2 20,100 miles driven, Yr3 18,900 miles driven, Yr 4 23,400 miles driven, Yr 5 5,100 5 2,500.00 Part 2 Assuming the truck is sold at the end of yr. 3, give the gen.journal entry to record the sale (straight-line method) assume it was sold for 8,500.00
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