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On January 1, Year 1 Missouri Company purchased a truck that cost $45,000. The truck had an expected useful ife of 10 years and a
On January 1, Year 1 Missouri Company purchased a truck that cost $45,000. The truck had an expected useful ife of 10 years and a $4,000 salvage value. Missouri uses the double-declining-balance method. What is the amount of depreciaton expense recognized in Year 2 ? Murtiple Choice 57200 $6,560 $4,500 $9,000
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