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Critical Thinking Assignment #6: Complete the following requirements, entering solutions in blue cells. Requirement#3: ...

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Accounting

Critical Thinking Assignment #6: Complete the following requirements, entering solutions in blue cells. Requirement#3:
Tikkity Tock Clock company purchased a new delivery truck on April 1st,2024 for $42,500. The truckis considered to have a 10 year useful life
and a salvage value of $5,000. The truck will be used for 10,000 miles in the first year and 8,000 miles per year thereafter. There have been no
disposals or capital expenditures after the initial purchase and this will be depreciated as a single item. Complete the Depreciation Schedule
below for both Double Declining Balance, Straight Line Depreciation, and Units of Production. Ensure to enter these in order in the table below.
While Tikkity Tock Clock Company is used for most problems, the problems are not designed to
work in tandem. Note that Requirement #3 is on a separate tab.
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