On January 1, Year 1, Felvegi Company purchased a delivery truck that cost $48,000 for...
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Accounting
On January 1, Year 1, Felvegi Company purchased a delivery truck that cost $48,000 for the purpose of delivering vegetables to the farmers market. The truck had an expected useful life of 8 years and an $8,000 salvage value. Felvegi uses the double-declining-balance method. What is the depreciation expense for Year 2?
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