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Required information Problem 12.009 - Straight line depreciation - DEPENDENT MULTI-PART PROBLEM - ASSIGN ALL PARTS Your self employed friend tells you that he is
Required information Problem 12.009 - Straight line depreciation - DEPENDENT MULTI-PART PROBLEM - ASSIGN ALL PARTS Your self employed friend tells you that he is able to legally use depreciation write-off on his income tax return for his can since he uses it part time in his business travel. He said the car is book depreciated over a 5-year period by the SL method and after 3 years it has BV3 = $62,000 with an annual depreciation of $20,000. NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Problem 12.009.a - Book value of car in straight line depreciation Determine the first cost of the car. The cast of the car is $
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