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Wildhorse Ltd. purchased a delivery truck on January 1, 2018, at a cost of $76,140. The truck is expected to have a residual value of
Wildhorse Ltd. purchased a delivery truck on January 1, 2018, at a cost of $76,140. The truck is expected to have a residual value of $8,220 at the end of its 4-year useful life. Wildhorse has a December 31 year end.
a) Calculate the depreciation using the straight-line method for each year of the trucks life.
Depreciation for each year _____
b) Calculate the depreciation using the straight-line method in total over the trucks life.
Depreciation in total_________
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