Question: Answer the ten ( 1 0 ) questions given the following data set: ABC purchases a new delivery truck on January 1 , 2 0
Answer the ten questions given the following data set:
ABC purchases a new delivery truck on January The cost of the truck is $ The truck is expected to last for five years and at that time have a salvage residual value of $
After two years, ABC believes it will now have the delivery truck for a total of years and after that time, the truck will have a $ salvage residual value.
After years, ABC sells the truck for $
For Question assume that ABC uses the straight line method of depreciation.
What is the balance in Accumulated Depreciation of the Delivery Truck AFTER Years immediately prior to the sale
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