Question: I only need 9.6 BE9.4 (LO 2) Buckingham Ltd. purchased a delivery truck on January 2021, at a cost of $80,000. The truck is expected

I only need 9.6

I only need 9.6 BE9.4 (LO 2) Buckingham Ltd. purchased a delivery

BE9.4 (LO 2) Buckingham Ltd. purchased a delivery truck on January 2021, at a cost of $80,000. The truck is expected to have a residual value of $8,000 at the end of its four-year useful life. Buckingham has a December 31 year end. BE9.6 (LO 2) Depreciation information for Buckingham Ltd. is given in BE9.4. Using the diminishing-balance method and assuming the depreciation rate is equal to double the straight-line rate, calculate the depreciation (a) for each year of the truck's life, and (b) in total over the truck's life. Calculate partial-year diminishing-balance depreciation

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