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Tamarisk, Inc. acquires a delivery truck at a cost of $ 52,000 on January 1, 2022. The truck is expected to have a salvage value
Tamarisk, Inc. acquires a delivery truck at a cost of $52,000 on January 1, 2022. The truck is expected to have a salvage value of $11,000 at the end of its 10-year useful life.
Compute annual depreciation for the first and second years using the straight-line method.
Compute annual depreciation for the first and second years using the straight-line method.
Year 1 | Year 2 | |||
---|---|---|---|---|
Annual depreciation expense | $enter annual depreciation expense amount in dollars | $enter annual depreciation expense amount in dollars |
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