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On December 31, year 0, your company bought a delivery truck for $50,000. The expected useful life is 4 years, with an expected salvage
On December 31, year 0, your company bought a delivery truck for $50,000. The expected useful life is 4 years, with an expected salvage value of $6,000. Based on this information, and assuming straight-line depreciation, calculate the following amounts (do not include dollar signs ($) or commas): (4 points) 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: S Net book value on Dec. 31, year 4: $ 5. On December 31, year 0, your company bought a delivery truck for $50,000. The expected useful life is 4 years, with an expected salvage value of $6,000. On January 1, year 4, your company sold the truck. Provide the financial statement effects of the sale under the different sale prices below. (3.75 points; 0.25 points per entry) Leave out dollar signs (S) and commas. Sale price PP&E, Gross $17,725 $17,000 $17,430 Accumulated NI (pretax) Depreciation CFO (ignore taxes) CFI
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