Question: A truck costing $ 2 5 , 0 0 0 with a residual value of $ 5 , 0 0 0 was purchased by Rim
A truck costing $ with a residual value of $ was purchased by Rim Corporation. The truck's estimated life is years. Complete the following table to determine its book value at the end of Year using the decliningbalance method. Assume a depreciation rate of twice the straightline rate.
tableYearCost,tableAccumulatedDepreciation atBeginning of YeartableBook Value atBeginning of YearDepreciation,tableAccumulatedDepreciation at Endof YeartableBook Value atEnd of Year$$
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