Solution-How much is the 2019 depreciation expense

How much is the 2019 depreciation expense

Reference no: EM132715516

Question: Cambridge Company purchased a truck on January 1, 2018. Cambridge paid $24,000 for the truck. The truck is expected to have a $4,000 residual value and a 5-year life. Cambridge has a December 31 fiscal year end. Using the double-declining balance method, how much is the 2019 depreciation expense?

Reference no: EM132715516

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How much is the 2019 depreciation expense : Cambridge Company purchased a truck on January 1, 2018. Cambridge paid $24,000 for the truck. The truck is expected to have a $4,000 residual value.

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How much is the 2019 depreciation expense

Reference no: EM132715516

Reference no: EM132715516

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