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On January 1 st , 2 0 X 1 , ABC Company purchased a work truck. Details on this truck are as follows: Cost Residual
On January stX ABC Company purchased a work truck. Details on this truck are as follows:
Cost
Residual value
table$$
Estimated useful life years
a Complete the following chart using the straight line method.
tableYeartableDepreciationExpensetableAccumulatedDepreciationBook Value
b Complete the following chart using the decliningbalance method.
tableYeartableDepreciationExpensetableAccumulatedDepreciationBook Value
c Complete the following chart using the unitsofproduction method. Assume that the truck has a useful life of miles and was used miles in Year miles in Year miles in Year and miles in Year
tableYeartableDepreciationExpensetableAccumulatedDepreciationBook Value
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