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On December 31, year 0, your company bought a delivery truck for $45,000. The expected useful life is 4 years, with an expected salvage value
- On December 31, year 0, your company bought a delivery truck for $45,000. The expected useful life is 4 years, with an expected salvage value of $15,000. Based on this information, and assuming straight-line depreciation, calculate the following amounts
- Depreciation on delivery truck in year 1:
- Ending net book value of delivery truck for year 2:
- Accumulated depreciation at the beginning of year 3:
- Net Book value on Dec 31, year 4:
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