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Ch 9 Acct HW Question 10

Oriole Chemicals Company acquires a delivery truck at a cost of $ 32,000 on January 1, 2022. The truck is expected to have a salvage value of $ 5,000 at the end of its  6-year useful life.

Compute annual depreciation for the first and second years using the straight-line method.


Annual depreciation under the straight line method for the First Year is:

Annual depreciation under the straight line method for the Second Year is:


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