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Mozilla Corporation purchased a truck at a cost of $40,000. The truck has an estimated useful life of four years, and a residual value of
Mozilla Corporation purchased a truck at a cost of $40,000. The truck has an estimated useful life of four years, and a residual value of $4,000. What is the depreciation expense for year 4? The company uses the Double Declining Balance depreciation method.
- A. $ 9,000.
- B. $10,000.
- C. $ 1,000.
- D. $ 4,000.
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