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Question 4 Pharoah Ltd. purchased a delivery truck on May 1, 2018, at a cost of $81,720. The truck is expected to have a resi
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Answer #1
Depreciation Expense for
2018 ($ 81720 x 25% x 8/12) $ 13,620.00
2019 [($ 81720 - $ 13620) x 25%] $ 17,025.00
Cost $ 81,720.00
Useful Life 4 years
Depreciation rate 25% (100% / 4 years)
(per year)

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