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April 24, 2014

Homework Help: math

Posted by Anonymous on Monday, November 14, 2011 at 7:12pm.

Lena Horn bought a Toyota Tundra for $30,000 with an estimated life of 5 years. The residual value of the truck is $5,000. Assume a straight line method of depreciation (a) what will be the book value of the truck at the end of year 4 (b) If tyhe chevy truck was bought the first year on April 12, how much depreciation would be taken the first year?

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