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On January 1, 2020, Vega Corp purchased a truck for $61,000. The truck is expected to have a four-year useful life with a residual value

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On January 1, 2020, Vega Corp purchased a truck for $61,000. The truck is expected to have a four-year useful life with a residual value of $6,000 at the end of year four, Using the double declining-balance method, depreciation for 2020 and book value at December 31, 2020, would be: Multiple Choice 530,500 and $30.500 respectively $27500 and 527,500 respectively 527 and 38.500 respectively 130.00 24.00 vey

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