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Katie, your Accounting Manager, has asked you to calculate the depreciation for the new company...

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Accounting

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Katie, your Accounting Manager, has asked you to calculate the depreciation for the new company car. The company purchased the new car on June 1, 2018. - The purchase price was $12,600 and had a useful life of 3 years. - The salvage or residual amount is 10% of the purchase price. Round to the nearest whole dollar. Calculate the total depreciation expense in the Years: 2018, 2019, 2020 , and 2021 using the straight-line method. Edit View Insert

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