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Prepare the depreciation schedule, using the declining-balance (twice the straight-line rate). (Input all amounts as positive values. Leave no cells blank - be certain to
Prepare the depreciation schedule, using the declining-balance (twice the straight-line rate). (Input all amounts as positive values. Leave no cells blank - be certain to enter "O" wherever required.) Chevrolet Colorado Residual value Estimated life $ 31,000 $ 6,200 5 years End of year Cost of Chevy truck Accumulated depreciation at beginning of year Book value at beginning of year Depreciation expense for year Accumulated depreciation at end of year 1 2 3 4 Book value at end of year
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