Suppose, the purchase price of a long-haul truck is USD 75,000 including the cost of tires USD 8,000. Anticipated resale value after the useful life of 6 years is USD 10,000. Use straight line and reducing balance methods of calculating depreciation @25% and suggest the most realistic one. Use table format to compare your results.

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Lets break down the information and calculate depreciation using both the straightline and reducing ... View the full answer