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Kleener Co. acquired a new delivery truck at the beginning of its current fiscal year. The truck cost $22.000 and has an estimated useful fe

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Kleener Co. acquired a new delivery truck at the beginning of its current fiscal year. The truck cost $22.000 and has an estimated useful fe of four years and an estimated value of $4,700 Required: 0-1 Calculate depreciation expense for each year of the truck's life using Straight line depreciation Drection per your a-2. Calculate depreciation expense for each year of the truck's life using Double-declining-balance depreciation, Year Depreciation Expense 1 2 3 4 b. Calculate the truck's net book value at the end of its third year of use under each depreciation method Net book value Depreciation method Straight-line depreciation Double-declining balance depreciation C. Assume that Kleener Co. had no more use for the truck after the end of the third year and that at the beginning of the fourth year it had an offer from a buyer who was willing to pay $6.450 for the truck. Should the depreciation method used by Kleener Co. affect the decision to sell the truck? Yes O No

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