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please tell correct answer for 2024 Wildhorse Ltd. purchased a delivery truck on January 1,2021 , at a cost of $72,160. The truck is expected
please tell correct answer for 2024
Wildhorse Ltd. purchased a delivery truck on January 1,2021 , at a cost of $72,160. The truck is expected to have a residual value of $7,710 at the end of its 4-year useful life. Wildhorse has a December 31 year end. Use the diminishing-balance method and assume the depreciation rate is equal to double the straight-line rate. (a) Your answer is partially correct. Calculate the depreciation for each year of the truck's life. (Round answers to 0 decimal places, e.g. 5,275.)Step by Step Solution
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