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Yuky purchased a new truck January 1 , 2 0 1 2 for $ 7 5 , 0 0 0 . The truck had an

Yuky purchased a new truck January 1,2012 for $75,000. The truck had an estimated life of 6 years and a salvage value of $15,000. Find the depreciation expense at December 2017 using the following methods i. sum of year digit ii. double declining method. ii if the truck was sold on December 31,2017 for $40,000. what is the entry to record the gain or loss using the i. sum of year digit ii. double declining method

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