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If the Dump Truck is sold for $120,000 at the end of year 3, what is the gain/loss under each method? Straight line depreciation, sum
If the Dump Truck is sold for $120,000 at the end of year 3, what is the gain/loss under each method?
Straight line depreciation, sum of the years, double declining, and modified accelerated cost recovery. Original cost is $125,000 with a useful life of 5 years. Residual value $15,000
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