Calculate depreciation schedule using straight-line method

Reference no: EM132173501

Question: The initial cost of a heavy-duty truck is $140,000 It is assumed that its resale value after five years is $30,000. Calculate its depreciation schedule using:

a- Straight-line method

b- Double declining balance method

c- Sum of the years digit method.

d- MACRS method.

Note- the truck is a five-year class property for the MACRS method.

Reference no: EM132173501

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