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Some trucks purchased by a U-Haul franchise should last 7 years. The purchase price was $170,000. Shipping costs were $5,000. The trade-in (salvage value) is

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Some trucks purchased by a U-Haul franchise should last 7 years. The purchase price was $170,000. Shipping costs were $5,000. The trade-in (salvage value) is $21,000. Prepare a depreciation schedule by using the double-dedining-balance method for the trucks. (Round dollar amounts to the nearest cent. Round your percentages to six decimal places.) U-Haul Double-Declining Balance Depreciation Schedule Truck Fleet End of Beginning Book Depreciation Rate Depreciation for the Accumulated Ending book value Vear Value (5) Vear (s) Depreciation (5) (5) 1 $ $ 5

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