Question

A light truck is purchased on January 1 at a cost of $35,000. It is expected to serve for eight years and have a salvage value of $5,000. Calculate the depreciation expense for the first and third years of the truck's life using the following methods:
1. Straight-line
2. Double-declining-balance (round to two decimal places)
3. Sum-of-the-years'-digits (round to two decimal places)



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  • CreatedJune 07, 2014
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