What the company elected straight line depreciation

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Question - A company acquires a truck at a cost of $60,000. The useful life is expected to be four years. Based on reliable historical data, the company believes the truck can be sold at the end of four years for $10,000. Additionally, the tires must be replaced every two years. The transmission must be replaced every three years. On the initial date of acquisition, the tires have a cost of $4,000 and the transmission has a cost of $6,000. What the company elected straight line depreciation.

Reference no: EM132824916

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