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XY Company is planning to purchase 3 used trucks. Each truck will cost $18,000. The salvage value for each track $4,000. Compute the total depreciation
XY Company is planning to purchase 3 used trucks. Each truck will cost $18,000. The salvage value for each track $4,000. Compute the total depreciation for each truck for the third year, using the modified accelerated cost recovery system (MACRS) method, if the recovery period is 5 years. Percentage by re Recovery year 3 years 5 years 1 33% 20% 45 32 15 19 7 12 12 Nent in oooao- 5 Totals 100% 100%
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