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Factors that influence the amount of depreciation expense

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Question - Assume you are the owner of a trucking company that has just invested $150,000 in a new truck. Working with your accountant, you are in the process of estimating its useful life and residual value. Your estimates will be used to compute straight-line depreciation expense for financial reporting purposes. What factors should you take into consideration in developing these estimates? Discuss briefly how these factors will influence the amount of depreciation expense reported by your company each year.

Reference no: EM131572139

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