On January 1, 2020, ER Corp. purchased a truck for $100,000, with an estimated useful life of 8 years and salvage of $15,000. ER uses the DDB method for depreciation. The book value of the truck as of December 31, 2025 was $17,798. What is the depreciation expense for 2026? Type your numeric answer and submit Cannot be empty Correct Answer: v 2798.0

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 14
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On January 1, 2020, ER Corp. purchased a truck for $100,000, with an estimated useful life of 8 years and salvage of $15,000. ER uses the DDB
method for depreciation. The book value of the truck as of December 31, 2025 was $17,798. What is the depreciation expense for 2026?
Type your numeric answer and submit
Cannot be empty
Correct Answer:
v 2798.0
Transcribed Image Text:Question 14 Review On January 1, 2020, ER Corp. purchased a truck for $100,000, with an estimated useful life of 8 years and salvage of $15,000. ER uses the DDB method for depreciation. The book value of the truck as of December 31, 2025 was $17,798. What is the depreciation expense for 2026? Type your numeric answer and submit Cannot be empty Correct Answer: v 2798.0
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