Question
Use the following to answer questions 5 15 (Straight Line, 180% declining balance and Activity Based) T Transport purchased a new semi-trailer truck for an
Use the following to answer questions 5 15 (Straight Line, 180% declining balance and Activity Based)
T Transport purchased a new semi-trailer truck for an acquisition cost of $250,000. The company estimates the truck will have a residual value of $50,000 when they are done using it at the end of 4 years or about 500,000 miles.
Answer 9 13 based on 180% Declining Balance
9. $__________ Year 2 depreciation expense
10. $____________ Accumulated depreciation for year 2
11. $____________Book value at the end of year 2
12. $__________ Year 3 depreciation expense
13. $__________ Year 4 depreciation expense
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