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qaws [65]
3 years ago
6

A delivery truck has a depreciation basis of $50,000 and the depreciation schedule for the truck is as follows: Year 1 2 3 4 Dep

reciation 33% 45% 15% 7% What is the book value of the truck after 2 years? Group of answer choices $39,000 $0 $16,500 $11,000 CHEGG
Business
1 answer:
Andrew [12]3 years ago
8 0

Answer:

$11,000

Explanation:

Depreciation expense in year 1 = 0.33 x $50,000 = $16,500

Depreciation expense in year 2 = 0.45 x $50,000 = $22,500

Book value in year 2 = cost of asset - accumulated depreciation

$50,000 - ( $16,500 + $22,500) = $11,000

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Is sears going out of business
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What is comdominance?
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