On January 1, 2007, a company purchased a delivery truck for 40,000 cash. The truck...
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Accounting
On January 1, 2007, a company purchased a delivery truck for 40,000 cash. The truck had an estimate useful life of ten years and an estimated salvafe value of $5,000. How much would the company record as depreciation expense in the third year using the double-declining balance depreciation method?
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