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Use the following data to answer questione ...) January 1, 2001 ABC, Inc. purchased a $30,000 delivery truck. it has an estimated useful life of
Use the following data to answer questione ...) January 1, 2001 ABC, Inc. purchased a $30,000 delivery truck. it has an estimated useful life of eight years, *It has an estimated useful life of 120,000 miles. "Its actual miles driven were 15,000 in year 1 20,000 in year 2 10,000 in year 3 5,000 in year 4 12,000 in years 38,000 in year 6 20,000 in year 7 15,000 in year its salvage value is $10,000 7) Calculate the year 4 Depreciation Expense using the Straight-Une method. 1) Calculate the year 5 Accumulated Depreciation using the Units-of-Preduction method. 5) Calculate the year & Book Value using the Double-Declining Balance method
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