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Please do work neatly by hand so I can learn to do these on my own in the future, I will Like your answer:) thanks!
Please do work neatly by hand so I can learn to do these on my own in the future, I will Like your answer:) thanks!
1. [4 points] The Soshal DistanSing Company purchased a new food delivery truck on April 1st of this year. The truck cost $35,000 to purchase and another 26,000 to add food saf racking and refrigeration units. The truck has a useful life of 9 years. Soshal estimates that the salvage value of the truck to be $8750 at the end of its useful life. a. [1 point] Calculate the depreciation schedule (i.e. depreciation allowance and book value for the entire useful life) using the straight-line depreciation method. b. (1.5 point] Calculate the depreciation schedule using a 150% (multiplier = 1.5) declining balance method. Make any necessary adjustments to the schedule. C. [1.5 point] Calculate the depreciation schedule using a double declining balance method. Make any necessary adjustments to the scheduleStep by Step Solution
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