Depreciation information for Buckingham Ltd. is given in BE9-4. Assuming the delivery truck was purchased on May
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Depreciation information for Buckingham Ltd. is given in BE9-4. Assuming the delivery truck was purchased on May 3, 2012, calculate the depreciation expense using the diminishing-balance method for 2012 and 2013. Assume the depreciation rate is equal to one time the straight-line rate.
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118024492
5th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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