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Please help, im stuck on this! thank you!! Use the following to answer questions 5-15 (Straight Line, Double declining balance and Activity Based) The company
Please help, im stuck on this! thank you!! Use the following to answer questions 5-15 (Straight Line, Double declining balance and Activity Based) The company purchased a new semi-trailer truck for an acquisition cost of $250,000. The company estimates the truck will have a residual value of $50,000 when they are done using it at the end of 5 years or about 400,000 miles. Answer 58 based on Straight line depreciation 9. $ Year 2 depreciation expense 10. $ Accumulated depreciation for year 2 11. $ Book value at the end of year 2 12. $ Year 3 depreciation expense 13. $ Year 4 depreciation expense
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