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Problem 2 Hubbard Company purchased a truck on January 1, 2009, at a that the truck would have a useful life of 4 years and
Problem 2 Hubbard Company purchased a truck on January 1, 2009, at a that the truck would have a useful life of 4 years and a re Required cost of $34,000. The company estimated A. Calculate depreci declining balance method for 2009. ation expense and record the journal entry under straight line and the double B. What is the accumulated depreciation at the end of year 2 under each depreciation method
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