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How to calculate straight-line depreciation

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Reference no: EM132488420

How to calculate straight-line depreciation.

Question 1. If your company purchased a delivery truck on January 1, 2017 for $20,000 and it had an estimated life of 3 years and an estimated salvage value of $2,000 how much depreciation would you expense for 2017, 2018 and 2019? Show your work.

Question 2. How much would be in the accumulated depreciation account at the end of 2018?

Question 3. What would be the book value at the end of 2018?

Reference no: EM132488420

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