Calculate first years depreciation using double-declining

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Problem

A delivery truck was purchased for $50,000 on 1 January. It has a useful life of 5 years and a residual value of $5,000. Get the instant assignment help. Calculate the first year's depreciation using the double-declining balance method.

Reference no: EM133921777

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Calculate first years depreciation using double-declining : A delivery truck was purchased for $50,000 on 1 January. Calculate the first year's depreciation using the double-declining balance method.

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