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Part V: Depreciation Methods (18 points) The cost of the delivery truck is $200,000. The estimated salvage value is $20,000. The estimated useful life is
Part V: Depreciation Methods (18 points) The cost of the delivery truck is $200,000. The estimated salvage value is $20,000. The estimated useful life is 4 years. The truck is expected to be used for these miles (units): Year 1, 50,000: Year 2, 40,000; Year 3. 40,000; Year 4, 20,000. Compute depreciation expense for each of the 4 years with the following methods. (Do for all 4 years). Please show your calculations in an organized way. A. Units of Production B. Double-Declining Balance (use this table or prepare your own) Year Percent Beginning Net Book Value % Annual Depreciation Expense Accumulated Ending Depreciation Net Book Value Totals
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