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Calculate the depreciation expense

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Question - Sandhill Ltd. purchased a delivery truck on May 1, 2018, at a cost of $80,280. The truck is expected to have a residual value of $8,680 at the end of its 4-year useful life. Sandhill has a December 31 year end. Calculate the depreciation expense using the diminishing-balance method for 2018 and 2019. Assume the depreciation rate is equal to one time the straight-line rate.

Reference no: EM131793315

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