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On October 1.2020. GS Company purchased a truck for $120.000. Company expects to use the truck for 8 years. The estimated residual value of the

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On October 1.2020. GS Company purchased a truck for $120.000. Company expects to use the truck for 8 years. The estimated residual value of the truck at the end of the oth year is $20.000. How much is the depreciation amount for 2020 under the double-declining-balance method of depreciation? AY $15.000 B) 5 25,000 059787 $ 3.750 Di $6.250 ELS 500

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