On January 1, 2020, ER Corp. purchased a truck for $100,000, with an estimated useful life of

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On January 1, 2020, ER Corp. purchased a truck for $100,000, with an estimated useful life of 8 years and salvage of $15,000. ER uses the DDB method for depreciation. The book value of the truck as of December 31, 2025 was $17,798. What is the depreciation expense for 2026?

Posted Date: May 17, 2024 10:00 PM

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On January 1, 2020, ER Corp. purchased a truck for $100,000, with an estimated useful life of

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