Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 01 Apr 2018 My Price 3.00

Dow Corp

Dow Corp. bought a truck for $80,000 on January 1, 2018. They installed a rear hydraulic lift for $10,000 and paid sales tax of $4,000. In addition, Dow Corp. paid $3,000 for a one-year insurance policy. They estimate the useful life of the truck to be 10 years and its residual value $12,000.

If Dow uses the double declining method of depreciation, what is the depreciation expense for 2019?

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Apr 2018 06:04 PM My Price 3.00

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