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Required Information (The following information applies to the questions displayed below] Three different companies each purc

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1. Calculate the net income for 2021? Answer: Earning Depreciation Net Income Company A $77,000.00 $-20,500.00 $ 56,500.00 Co

Working Note: Depreciation computation for 2021: Cost of the Truck $ 88,000.00 Useful Life 4 Years Salvage Value $ 6,000.00 S

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