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Compute annual depreciation for the first and second years

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Question - Pronghorn Company acquires a delivery truck at a cost of $77,000. The truck is expected to have a salvage value of $6,000 at the end of its 5-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: EM132241055

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