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What accumulated depreciation expense balance at december

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On September 1, 2019, Taxi and Delivery Services (TDS) purchased a truck at a cost of KD30,000. Before placing the truck in service, TDS spent KD 600 painting it, KD 400 replacing tires and KD 2,000 overhauling the engine. The truck should remain in service for five years and a residual value of KD 1,000.

Problem 1: Using the double declining balance depreciation method, the accumulated depreciation expense balance at December 31, 2019 would be

Select one:

a. KD 12,000
b. KD 4,267
c. KD 12,800
d. KD 8,533

Reference no: EM132778417

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