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Nadia Hicks, owner of High Country Tours, purchased a 2019 RV for her fleet of rental vehicles at a cost of $150,000. Nadia assumes a
Nadia Hicks, owner of High Country Tours, purchased a 2019 RV for her fleet of rental vehicles at a cost of $150,000. Nadia assumes a 5 year useful life at which time she will trade in the RV for a new model at a trade-in value of $25,000. Complete a depreciation schedule for this unit under the straight-line method of depreciation. Year Depreciable Depreciation Depreciation Accumulated Book Value Cost Rate Expense Depreciation 2019 2020 2021 2022 2023
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