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Calculate the amortization expense for the second year

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Reference no: EM131819622

Question - Hoedika Corporation purchased a truck for $40,000. The company expected the truck to last 4 years or 100,000 kilometers with an estimated residual value of $4,000 at the end of that time. During the second year the truck was driven 27,500 kilometers. Calculate the amortization expense for the second year under each method below: straight-line, units of activity, declining balance, show the work.

Reference no: EM131819622

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