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Your answer is incorrect. Flint Company acquires a delivery truck at a cost of $ 4 4 , 0 0 0 on January 1 ,
Your answer is incorrect.
Flint Company acquires a delivery truck at a cost of $ on January The truck is expected to have a salvage value of
$ at the end of its year useful life. Assuming the decliningbalance depreciation rate is double the straightline rate, compute
annual depreciation for the first and second years under the decliningbalance method.
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