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Problem 2 LOOK CAREFULLY AT THE DATES AND YEARS! Round answers to nearest whole dollar! Part A: Sundell Industries purchased a truck on January 1,
Problem 2 LOOK CAREFULLY AT THE DATES AND YEARS! Round answers to nearest whole dollar! Part A: Sundell Industries purchased a truck on January 1, 2020, at a total cost of $515,000. Sundell estimates it will use the truck for 8 years. At the end of its useful life, Sundell will be able to sell the truck for $15,000. Compute depreciation for 2021 and 2022. Place your answers in the spaces provided. 2021 2022 Straight-line Double-declining-balance Sum-of-the-Years' Digits Part B: Assume all the same information as in Part A except that Sundell Industries purchased the truck on August 1, 2020. Compute depreciation for 2020 and 2021. 2020 2021 Straight-line Double-declining-balance Sum-of-the-Years' Digits
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