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Gales Travel purchases a car for $12,000, which has an expected life of 5 years and a scrap value of $1,800. Compute the depreciation and
Gales Travel purchases a car for $12,000, which has an expected life of 5 years and a scrap value of $1,800. Compute the depreciation and the book value for each year if the double decline for two years followed by straight line method is used.
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