Question 8 A small truck is purchased for $42,000. It is expected to be of use to the company for 6 years, after which it will be sold for $6,000. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the TVM Factor Table Calculator Use straight-line depreciation: Depreciation Deduction Unrecovered Investment 0 $ 1 $ $ $ s $ $ $ $ $ 6 $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is $10. Use declining balance depreciation using a rate that ensures the book value equals the salvage value: EOY Depreciation Deduction Unrecovered Investment 0 1 $ $ 2 $ $ 3 $ $ 4 $ s 5 $ s 6 $ $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. Use double declining balance switching to straight line depreciation: EOY Depreciation Deduction Unrecovered Investment 0 $ 1 $ $ 2 $ $ 3 $ $ 4 $ $ 5 $ $ 6 $ $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +10. Please enter for fields with no amounts. Do not leave any fields blank. Use double declining balance switching to straight line depreciation: EOY Depreciation Deduction Unrecovered Investment 0 $ 1 $ 2 $ 3 $ $ 4 $ $ 5 s $ 6 $ $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is $10. CLI. Question 8 A small truck is purchased for $42,000. It is expected to be of use to the company for 6 years, after which it will be sold for $6,000. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the TVM Factor Table Calculator Use straight-line depreciation: Depreciation Deduction Unrecovered Investment 0 $ 1 $ $ $ s $ $ $ $ $ 6 $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is $10. Use declining balance depreciation using a rate that ensures the book value equals the salvage value: EOY Depreciation Deduction Unrecovered Investment 0 1 $ $ 2 $ $ 3 $ $ 4 $ s 5 $ s 6 $ $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. Use double declining balance switching to straight line depreciation: EOY Depreciation Deduction Unrecovered Investment 0 $ 1 $ $ 2 $ $ 3 $ $ 4 $ $ 5 $ $ 6 $ $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +10. Please enter for fields with no amounts. Do not leave any fields blank. Use double declining balance switching to straight line depreciation: EOY Depreciation Deduction Unrecovered Investment 0 $ 1 $ 2 $ 3 $ $ 4 $ $ 5 s $ 6 $ $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is $10. CLI
