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Part VI: Depreciation Methods | The cost of the delivery truck is $200,000. The estimated salvage value is $20,000. The estimated useful life is 4
Part VI: Depreciation Methods | 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, 60,000; Year 2, 30,000; Year 3, 5,000; Year 4, 5,000. 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. B. Double-Declining Balance (use this table or prepare your own) Year Beginning Net Book Value Percent % Annual Depreciation Expense Accumulated Ending Depreciation Net Book Value 1 2 3 4 Totals
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