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Swifty Express acquires a delivery truck at a cost of 64,000. The truckis expected to heve a resid nl value of 7,000 at the end

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Swifty Express acquires a delivery truck at a cost of 64,000. The truckis expected to heve a resid nl value of 7,000 at the end of its 4 -year uxaful life. Assuming the declining-balance depreciaticn rate is doubla the straight-line rate ccmpute annul depreciation for the first and second years under the declining-balance method

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