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SLN function (formulas included please) On January 1 of the current year, the Carter Moldenhauer Company purchased trucks for $55,000. The trucks has an estimated
SLN function (formulas included please)
On January 1 of the current year, the Carter Moldenhauer Company purchased trucks for $55,000. The trucks has an estimated useful life of 5 years and an estimated salvage value of $5,000. Complete the depreciation schedule below. Each formula in column D must include the SLN function. Cost Salvage Life (in years) $55,000 $5,000 5 Depreciation Accumulated December 31 Expense Depreciation book value January 1 Year book value 1 $55,000 2 3 4 5 Step by Step Solution
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