Question: Wimberly Holdings acquired a delivery truck on January 1 2014

Wimberly Holdings acquired a delivery truck on January 1, 2014, for $86,000. It is expected to last five years and then sells for about $16,000. Calculate depreciation for each year of the truck’s life using the double-declining-balance method. Wimberly’s year-end is December 31.


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  • CreatedJanuary 08, 2015
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