(2) Assume Strand Corp purchased a delivery truck on 7/1/18 for $20,000. 10% Salvage Value,...
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Accounting
(2) Assume Strand Corp purchased a delivery truck on 7/1/18 for $20,000. 10% Salvage Value, 3 yr estimated useful life. Strand is a calendar year-end. For STRAIGHT LINE depreciation method only:
(a) calculate and account for annual depreciation throughout the life of the asset
(b) show the asset's "Net Book Value" at the end of each year throughout the life of the asset
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