Wimberly Holdings acquired a delivery truck on January 1, 2014, for $86,000. It is expected to last

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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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Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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