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Question 2 Not yet answered Disposing of depreciable asset at a gain or a loss - 23 minutes On April 1st of Year 1, Aurora
Question 2 Not yet answered Disposing of depreciable asset at a gain or a loss - 23 minutes On April 1st of Year 1, Aurora Trucking purchased a new truck for $68,000. The truck had a useful life of 6 years and an expected residual value of $14,000. The company expected that the truck would be driven for 300,000 km in Marked out of 11.00 those 6 years. P Flag question The company has a fiscal year end of December 31. On August 30th of Year 3, the Company sells the truck for $45,000. The truck was driven the following km: Year 1 46,000 Year 2-52,000 Year 3 - 34,000 Required: Fill in the table included as part of the "Disposal of depreciable asset" template for the following methods: a) Straight-line b) Double declining balance
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