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Sheffield Company acquires a delivery truck at a cost of $ 8 0 , 0 0 0 on January 1 , 2 0 2 2
Sheffield Company acquires a delivery truck at a cost of $ on January The truck is expected to have a salvage value of $ at the end of its year useful life. Assuming the decliningbalance depreciation rate is double the straightline rate, compute annual depreciation for the first and second years under the decliningbalance method.
tableYear Year Annual depreciation expense,$
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