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Marika Katz, owner of Katz Ice Cream, is discussing with her accountant which method of...

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Accounting

Marika Katz, owner of Katz Ice Cream, is discussing with her accountant which method of depreciation would be best for her ice cream truck. The cost of the truck was $17,000 with an estimated life of four years. The residual value of the truck is $2,000. Marika wants you to prepare a depreciation schedule using the declining-balance method at twice the straight-line rate.

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