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What is the accumulated depreciation for year two

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Question: Catering acquires a delivery truck at a cost of $52,000. The truck is expected to have a salvage value of $2,000 at the end of its 5-year life.

(a) Compute the annual depreciation expense for the first and second years using the Sum-of-Years' digit balance method.

(b) What is the accumulated depreciation for Year 2?

Reference no: EM132717590

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