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  3. problem 9-2 getco co. has a sales rpresentative wh

PROBLEM 9-2 Getco Co. has a sales rpresentative who must travel a substantial amount. A...

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Accounting

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PROBLEM 9-2 Getco Co. has a sales rpresentative who must travel a substantial amount. A car for this purpose was acquired January 2 four years ago at a cost of $20,000. It is estimated to have a total useful life of 4 years or 100,000 miles and no residual value. Instructions: (1) Record the annual depreciation on Getco's car at the end of the first and third years of ownership using the straight-line method and a December 31 9 year end. (2) Record the annual depreciation on Getco's car at the end of the first and third years of ownership using the double-declining-balance method and a December 31 year end. (3) Record the annual depreciation on Getco's car at the end of the first and third years of ownership using the units-of-production method, assuming no residual value, and using a December 31 year end. The car was driven 35,000 miles in the first year and 28,000 miles in the third year

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