On September 1st, 2024, BlueStar Airlines purchases a Lexus RXL vehicle for $50,000 in cash. The life

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On September 1st, 2024, BlueStar Airlines purchases a Lexus RXL vehicle for $50,000 in cash. The life of the vehicle is 8 years with a salvage value of $10,000. Tonya Harding, the Accounting Director, decides to use the double declining depreciation method.

What is the depreciation amount for the 2nd year as of 12/31/2025?

Posted Date: Jul 03, 2024 09:19 AM

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On September 1st, 2024, BlueStar Airlines purchases a Lexus RXL vehicle for $50,000 in cash. The life

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