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Tony's Inc. uses the double-declining-balance method to calculate depreciation for its truck. The company purchased the truck for $17,200 and a $250 delivery fee. The

Tony's Inc. uses the double-declining-balance method to calculate depreciation for its truck. The company purchased the truck for $17,200 and a $250 delivery fee. The company expects the truck to last 20 years and have a $2000 salvage value at that date. Calculate the following:

a. Double-declining-balance rate

b. Depreciation expense for year

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