a light truck is purchased on january 1 at a cost, Accounting Basics

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a light truck is purchased on january 1 at a cost

A light truck is purchased on January 1 at a cost of $27,000. It is expected to serve for eight years and have a salvage value of $3,000. Calculate the depreciation expense for the first and third years of the truck's life using the following methods. If required, round your answers to two decimal places

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Accounting Basics: a light truck is purchased on january 1 at a cost

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