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Jackal Energy purchased a transport truck on January 1, 2023, for $204,400 cash. Its estimated useful life is five years or 210,000 kilometres with an
Jackal Energy purchased a transport truck on January 1, 2023, for $204,400 cash. Its estimated useful life is five years or 210,000 kilometres with an estimated residual value of $46,900. Required: Calculate depreciation expense for the year ended December 31, 2023, using each of the following methods: (Do not round intermediate calculations.) Straight-line Double-declining-balance Units-of-production (assume 25,000 kilometres were actually driven in 2023)
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