E46 (Assets and depreciationwhich assumption and principle?) RDP and Brothers purchased a panel truck for $25,000 on

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E4—6 (Assets and depreciation—which assumption and principle?) RDP and Brothers purchased a panel truck for $25,000 on January 1, 1996. They estimated the life of the truck to be five years, and they planned to depreciate an equal amount in each of the five years. REQUIRED:

a. In line with generally accepted accounting principles, determine the amounts required here. 1996 1997 1998 1999 2000

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