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QS 8-6 Double-declining-balance method LO P1 A fleet of refrigerated delivery trucks is acquired on...

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Accounting

QS 8-6 Double-declining-balance method LO P1 A fleet of refrigerated delivery trucks is acquired on January 5, 2017, at a cost of $940,000 with an estimated useful life of 10 years and an estimated salvage value of $84,600. Compute the depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.)

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