Question
Star Company purchased a small truck on 1/7/2021. The truck cost was $ 85,000, with a salvage value of $ 10,000, and a useful life
Star Company purchased a small truck on 1/7/2021. The truck cost was $ 85,000, with a salvage value of $ 10,000, and a useful life of 10 years. If the company uses the double declining balance method for depreciation, what is the book value of the truck on 31/12/2023? Answer:
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Corporate Accounting Vol 1
Authors: Dr S. Kr. Paul, Prof. Chandrani Paul
1st Edition
164725146X, 9781647251468
