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Your company has purchased a truck for $30,000. The IRS considers this to be a 5-year property and you will accordingly depreciate it using the double declining balance method with half-year convention. Calculate each year's depreciation charge and remaining book value, assuming a zero salvage value. (12 points)
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Your company has purchased a truck for $30,000. The IRS considers this to be a 5-year property and y...
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