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Ivanhoe Ltd. purchased a delivery truck on January 1,2024, at a cost of $66,000. The truck is expected to have a residual value of $6,600

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Ivanhoe Ltd. purchased a delivery truck on January 1,2024, at a cost of $66,000. The truck is expected to have a residual value of $6,600 at the end of its 4 -vear useful life. Ivanhoe has a December 31 vear end. Use the diminishing-balance method and assume the depreciation rate is equal to double the straight-Jine rate. (a) Calculate the depreciation for each year of the truck's life

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