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just 6,7,8 Use the following to answer questions 5 15 (Straight Line, 150% declining balance and Activity Based) T Transport purchased a new semi-trailer truck

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Use the following to answer questions 5 15 (Straight Line, 150% declining balance and Activity Based) T Transport purchased a new semi-trailer truck for an acquisition cost of $500,000. The company estimates the truck will have a residual value of $45,000 when they are done using it at the end of 6 years or about 500,000 miles. Answer 5 8 based on Straight line depreciation 5. $ Year 2 depreciation expense (rounded to nearest dollar) 6. $ Book value at the end of year 2 (rounded to nearest dollar) 7.$ Accumulated depreciation for year 3 8. $ Book value at the end of year 3

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