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A tractor for over-the-road hauling is purchased for $80,000.00 It is expected to be of

A tractor for over-the-road hauling is purchased for $80,000.00. It is expected to be of use to the company for 6 years, after which it will be salvaged for $3,200.00. Calculate the depreciation deduction and the unrecovered investment during each year of the tractors life.Use double declining balance, switching to straight-line depreciation. Provide depreciation and book value for year 6.

Feb 06 2020 View more View Less

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