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Need hell to solve Part B with explanation please. Ayayai Corporation purchased a truck at the beginning of 2023 for $37,800. The truck is estimated
Need hell to solve Part B with explanation please.
Ayayai Corporation purchased a truck at the beginning of 2023 for $37,800. The truck is estimated to have a residual value of $3,000 and a useful life of 290,000km. It was driven for 69,000km in 2023 and 77,000km in 2024. (a) Calculate depreciation expense for 2023 and 2024 using the units of production method. (Round depreciation per km to 4 decimal ploces, es. 15,1254 and round finol answers to 0 decimal places, es. 5, 275.) For tax purposes, the asset is considered eligible equipment for the Accelerated Investment Incentive. The 3 sset's CCA rate is 30%. Calculate the CCA for 2023 and 2024 Step by Step Solution
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