Rollins Corp purchases a truck on January 1, 2014, for $114,000. The truck is expected...
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Accounting
Rollins Corp purchases a truck on January 1, 2014, for $114,000. The truck is expected to have a useful life of five years and a residual value of $17,000. The company closes its books on December 31 each year. Under the double-declining balance method, what is the total amount of depreciation to be expensed for the truck during the 2015 fiscal year (year 2 of 5)?
$27,360
$68,400
$51,000
$45,600
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