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On July 1, will be driven about 200,000 miles. Estimated residual value is $22,000. Year...

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Accounting

On July 1, will be driven about 200,000 miles. Estimated residual value is $22,000.

Year 1 Susan Company purchased a delivery truck for $84,000. The estimated useful life of the truck is four years, during which time it

If Susan Company uses the double-declining-balance method of depreciation, the accumulated depreciation balance at December 31, Year 2 (after adjusting entries) will be:

a. b. c. d. e.

$62,000 $44,000 $50,500

$42,000 None of the above.

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