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Compute depreciation and the book value of the machine

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Reference no: EM132937969

Question - On March 1, 2018 Allan Company purchased a new delivery truck for $45,000. The delivery truck has an estimated useful life of five years and the salvage value was estimated to be $10,000.

Compute depreciation for 2018, 2019 and 2020 and the book value of the machine at December 31, 2020,

(a) assuming the sum-of-the-years'-digits method is used.

(b) double declining balance

Reference no: EM132937969

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