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Question 2 On January 1, 2012, a company buys a truck for $42,000 cash. It has estimated residual value of $2,000, and an estimated life

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Question 2 On January 1, 2012, a company buys a truck for $42,000 cash. It has estimated residual value of $2,000, and an estimated life of 4 years, or 200,000 miles. The truck drove 40,000 miles in 1 2012, 60,000 miles in 2013, 80,000 miles in 2014 and 20,000 miles in 2015. Please complete the depreciation schedule below using the straight line method, unit of production method and the double-declining method Depreciation for the Year Depreciable Depreciation Depreciation Accumulated Book Date Asset Cost Cost Rate Expense Depreciation Value 1-1-2012 12-31-2012 12-31-2013 12-31-2014 12-31-2015

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