Compute the estimated useful life of the truck

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Question - On January 1, 2015, the records of Sitake Corporation showed the following regarding a truck:

Equipment (est. residual value, $8900) = $20,500

Acc. Depreciation (straightline, 3 years) = $8700

1) Based on data given, compute the estimated useful life of the truck.

2) Record the depreciation of the truck.

3) Record the disposal of the truck.

Reference no: EM132558278

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