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Some trucks purchased by a U-Haul franchise should last 7 years. The purchase price was $183,000. Shipping costs were $5,000. The trade-in (salvage value) is $23,000. Prepare a depreciation schedule by using the double-declining-balance method for the trucks.   U-Haul Double-Declining—Balance Depreciation Schedule Truck Fleet End of Year Beginning Book Value ($) Depreciation Rate (%) Depreciation for the Year ($) Accumulated Depreciation ($) Ending book value ($)   $188,000 (new) 1           2           3           4           5           6

Some trucks purchased by a U-Haul franchise should last 7 years. The purchase price was $183,000. Shipping costs were $5,000. The trade-in (salvage value) is $23,000. Prepare a depreciation schedule by using the double-declining-balance method for the trucks.   U-Haul Double-Declining—Balance Depreciation Schedule Truck Fleet End of Year Beginning Book Value ($) Depreciation Rate (%) Depreciation for the Year ($) Accumulated Depreciation ($) Ending book value ($)   $188,000 (new) 1           2           3           4           5           6

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Some trucks purchased by a U-Haul franchise should last 7 years. The purchase price was $183,000. Shipping costs were $5,000. The trade-in (salvage value) is $23,000. Prepare a depreciation schedule by using the double-declining-balance method for the trucks.
 
U-Haul
Double-Declining—Balance Depreciation Schedule
Truck Fleet
End of Year Beginning Book Value ($) Depreciation Rate (%) Depreciation for the Year ($) Accumulated Depreciation ($) Ending book value ($)
  $188,000 (new)
1          
2          
3          
4          
5          
6          
7      
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