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Question 12 10 pts Fiona's Italian Market purchased a delivery truck for deliveries for $25,000 at the beginning of 2019. The truck has an estimated
Question 12 10 pts Fiona's Italian Market purchased a delivery truck for deliveries for $25,000 at the beginning of 2019. The truck has an estimated life of 5 years, and an estimated residual value of $5,000. The company plans to use the straight line depreciation method. At the beginning of 2020, the company spent $1000 to replace the truck's transmission. This resulted in a 2-year extension of useful life, but no change in residual value. A) What type of cost is the $1,000? Explain B) Calculate the asset's book value at the end of 2019. C) Calculate depreciation expense for 2020. HTML Editor BIVA IEE 2 1 1 x'x, E V DVOT 4 12pt Paragraph
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