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Katie, your Accounting Manager, has asked you to calculate the depreciation for the new company car. The company purchased the new car on June 1,
Katie, your Accounting Manager, has asked you to calculate the depreciation for the new company car. The company purchased the new car on June 1, 2018. The purchase price was $12,600 and had a useful life of 3 years. The salvage or residual amount is 10% of the purchase price. Round to the nearest whole dollar.
Calculate the total depreciation expense in the Years: 2018, 2019, 2020, and 2021 using the double-declining balance method.
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