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Jas Sidhu owns a trucking business. He recently bought a bus and incurred then following expenses: invoice cost of the bus, shipping costs, insurance is
Jas Sidhu owns a trucking business. He recently bought a bus and incurred then following expenses: invoice cost of the bus, shipping costs, insurance is a family friend and he is aware you are studying accounting. His company just purchased two trucks. His accountants want him to use the double declining balance method to depreciate the trucks. His wife, who works as a bookkeeper, has suggests the trucks be depreciated using the straight-line depreciation method. Jas asks you which method he should select and why.
Instructions: Respond to Jas.
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