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Compute the annual depreciation amount for the first year

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Question - Tony B's Pizza purchased a delivery van for $25,000. The useful life is estimated to be 5 years or 100,000 miles. The salvage value is estimated to be $5,000.

a. Compute the annual depreciation amount for the first year using straight line depreciation.

b. Compute the annual depreciation amount for the first year using units of production (assuming the actual miles for year 1 were 17,000).

c. Compute the annual depreciation amount for the first year using double declining balance.

Reference no: EM132597183

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