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7. Greenwich Inc. purchased a truck for $200,000 on January 1, 2018.The truck has a...

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Accounting

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7. Greenwich Inc. purchased a truck for $200,000 on January 1, 2018.The truck has a useful life of 8 years and an estimated residual value of $20,000. Compute depreciation expense for 2018 using (a) straight line method (b) sum of the years' digits (c) double- declining balance

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