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A truck and bus has a cost basis of $1,000,000 and a ten-year depreciable life....

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Accounting

A truck and bus has a cost basis of $1,000,000 and a ten-year depreciable life. The estimated SV of the truck and bus is $50,000 at the end of ten years.

Determine the annual depreciation amounts using the SL method. What are the depreciation amount, cumulative depreciation, and BV for each year.

Tabulate the annual depreciation amounts and the book value of the truck and bus at the end of each year.

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