Question: preciation (10 points) he Chick-fil-A Managers will purchase a delivery truck on January 1, 2020 at a cost of $45,550. The truck has a useful

 preciation (10 points) he Chick-fil-A Managers will purchase a delivery truck

preciation (10 points) he Chick-fil-A Managers will purchase a delivery truck on January 1, 2020 at a cost of $45,550. The truck has a useful ook has a useful life of seven years with an estimated salvage value of $6,000. The straight-line method is used for book wed for book purposes. For tax purposes, the truck would be depreciated with the MARS method over its five-year class life. wetermine the annual depreciation amount to be taken over the useful life of the delivery truck for book purposes using straight-line depreciation. Show your work, and then complete the tone below. (5 points) Years b) Determine the annual depreciation amount to be taken over the useful life of the delivery truck for tax purposes using the MACRS method. Show your work, and then complete the table below. (5 points) Years n Factor (% Depreciation)

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