6. A company purchases a truck and places in service on Jan. 1, 2024. The truck...

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6. A company purchases a truck and places in service on Jan. 1, 2024. The truck cost $41,000 and was assigned a residual value of $1,000 and a life of 5 years or 100,000 miles. 1) Use Straight-Line method to calculate annual depreciation, accumulated depreciation, and book value for each year of its useful life. The nth year Date Jan. 1, 2024 Dec. 31, 2024 Dec. 31, 2025 Dec. 31, 2026 Dec. 31, 2027 Dec. 31, 2028 1st 2nd 3rd 4th 5th Depreciation Accumulated Depreciation Book Value 6. A company purchases a truck and places in service on Jan. 1, 2024. The truck cost $41,000 and was assigned a residual value of $1,000 and a life of 5 years or 100,000 miles. 1) Use Straight-Line method to calculate annual depreciation, accumulated depreciation, and book value for each year of its useful life. The nth year Date Jan. 1, 2024 Dec. 31, 2024 Dec. 31, 2025 Dec. 31, 2026 Dec. 31, 2027 Dec. 31, 2028 1st 2nd 3rd 4th 5th Depreciation Accumulated Depreciation Book Value

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