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Use the following to answer questions 515 (Straight Line, 190% declining balance and Activity Based) The company purchased a new semi-trailer truck for an acquisition

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Use the following to answer questions 515 (Straight Line, 190% declining balance and Activity Based) The company purchased a new semi-trailer truck for an acquisition cost of $250,000. The company estimates the truck will have a residual value of $65,000 when they are done using it at the end of 5 years or about 500,000milles. Answer 58 based on Straight line depreciation Answer 913 based on 190% Declining Balance 9. 5 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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