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Business, 02.04.2021 01:00 ahnagoede2768

Lance's Truck Stop purchased a new automatic truck washing machine for $135,000 on January 1. Lance estimates that the machine will last for 10 years at which time it can be sold for $35,000. Lance also estimates that a total of 50,000 trucks would be washed by the machine before it was salvaged. During the first year 7,000 trucks were washed and during the second year another 9,000 were washed. REQUIRED: Calculate depreciation expense for the first two years using the straight-line, units of production, and double declining-balance methods.

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Lance's Truck Stop purchased a new automatic truck washing machine for $135,000 on January 1. Lance...
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