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1. GTZ Heavy Construction has recently acquired an additional haulage truck as part of an...

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Accounting

1. GTZ Heavy Construction has recently acquired an additional haulage truck as part of an earthmoving work on a hydroelectric power dam construction project. The total acquisition cost of the truck is $5 million. If the lifetime of the equipment is 10 years and the salvage value at the end of the lifetime is estimated to be $0.75 million:

Calculate the annual depreciation over its lifetime and the book value at the end of each year using the (45 pts)

Straight-line (SL)-Method;

Sum-of-the-years-digits (SOYD) method and

Double Declining Balance (DBB) method

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