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Sanbom Company purchased a delivery truck on January 1 for $30,000 with an estimated residual value of $3,000 with an estimated life of 5 year
Sanbom Company purchased a delivery truck on January 1 for $30,000 with an estimated residual value of $3,000 with an estimated life of 5 year life or 60,000 miles. The mileage in the first two years was Year 112,250 miles Year 2 11,000 miles WHAT IS THE 2ND YEARS DEPRECIATION EXPENSE UNDER EACH OF THE FOLLOWING METHODS? SHOW ALL CALCULATIONS a) Straight line depreciation b) Units of production c) Double declining balance
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