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Teal Mountain Company purchased a truck for $74,000. The company expected the truck to last four years or 100,000 miles, with an estimated residual value

image text in transcribed Teal Mountain Company purchased a truck for $74,000. The company expected the truck to last four years or 100,000 miles, with an estimated residual value of $7,000 at the end of that time. During the second year, the truck was driven 26,000 miles. Compute the depreciation for the second year under each of the methods below. Units-of-activity $ Double-declining-balance $

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