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*My answer was 1800 and 9000 but I think not correct Gordon Chemicals Company acquires a delivery truck at a cost of S38, 400 on
*My answer was 1800 and 9000 but I think not correct
Gordon Chemicals Company acquires a delivery truck at a cost of S38, 400 on January 1, 2017. The truck is expected to have a salvage value of $2, 400 at the end of its 4-year useful life. Assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the first and second years under the declining-balance method. Annual depreciation under declining-balance method s $Step by Step Solution
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