Posted by **Anonymous** on Thursday, November 17, 2011 at 1:27pm.

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 the chevy truck was bought the first year on April 12, how much depreciation would be taken the first year?

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