Pattys Pies acquired a delivery truck on January 1, 2023, for $86,000. It is expected to last
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Patty’s Pies acquired a delivery truck on January 1, 2023, for $86,000. It is expected to last five years and then sell for about $16,000. Calculate depreciation for each year of the truck’s life using the double-declining-balance method. Patty’s Pies’ year-end is December 31.
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Annual rate of depreciation 25 40 or 40 per year Year 2023 40 x 86000 2024 40 86000 34400 ...View the full answer
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Related Book For 
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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