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Compute annual depreciation for the first and second years

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Question - Gordon Chemicals Company acquires a delivery truck at a cost of $35,700 on January 1, 2017. The truck is expected to have a salvage value of $4,100 at the end of its 4-year useful life. Assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the first and second years under the declining-balance method.

Reference no: EM131716751

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