On January 1, 2015, SCI Marketing bought a company car for $20,000. It has estimated residual value

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On January 1, 2015, SCI Marketing bought a company car for $20,000. It has estimated residual value of $2,000 and an estimated useful life of five years. The company uses double declining- balance amortization. Prepare an amortization schedule for the car using Exhibit 10-7 as a guide.
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Horngrens Accounting

ISBN: 978-0133855371

10th Canadian edition Volume 1

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

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