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Compute annual depreciation for the years

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Reference no: EM131790188

Question - Conlin Company acquires a delivery truck at a cost of $54,340. The truck is expected to have a salvage value of $7,500 at the end of its 4-year useful life.

Assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the first and second years under the declining-balance method.

Reference no: EM131790188

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