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Calculate depreciation expense for each year of the truck

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Reference no: EM132463159

Barefoot Industrial acquired a new delivery truck at the beginning of its current fiscal year. The truck cost $21,000 and has an estimated useful life of four years and an estimated salvage value of $4,000.

Required:

Question a-1 Calculate depreciation expense for each year of the truck's life using Straight-line depreciation.

Question a-2 Calculate depreciation expense for each year of the truck's life using Double-declining-balance depreciation.

Reference no: EM132463159

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