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Calculate how much is the depreciation expense

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Question - Cambridge Company purchased a truck on January 1, 2018. Cambridge paid $17,000 for the truck. The truck is expected to have a $4,000 residual value and a 5-year life. Cambridge has a December 31 fiscal year end. Using the double-declining balance method, calculate how much is the 2019 depreciation expense?

Reference no: EM132793969

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