Question: How to solve this question? Problem #1 (12 points) SHOW YOUR WORK add to their ct a useful life On January 1, 2017, Balloy hoo,

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Problem #1 (12 points) SHOW YOUR WORK add to their ct a useful life On January 1, 2017, Balloy hoo, Inc. purchases a delivery.truck forso.000 to fleet of delivery trucks. They estimate a residual value of $5,000 and expe of 5 years. They also estimate 170,000 miles of use. In 20 68,000 miles 17 they drive the delivery truck Required Prepare the 2017 depreciation journal value of the delivery truck as of December 31, 2017 using straight-ine deprecia entry on December 31, 2017 AND provide the book Date ACCT Account in pefere ianton BOOK VALUE:OOOO - Required: Prepare the 2017 depreciation journal entry on December 31, 2017 AND provide the book value of the delivery truck as of December 31, 2017 using double-declining balance deprecia Date ACCT 11//12 De eres extensve36 OK

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