A fleet of refrigerated delivery trucks is acquired on January 5, 2017, at a cost of $860,000 with an estimated useful l

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A Fleet Of Refrigerated Delivery Trucks Is Acquired On January 5 2017 At A Cost Of 860 000 With An Estimated Useful L 1 (24.29 KiB) Viewed 56 times

A fleet of refrigerated delivery trucks is acquired on January 5, 2017, at a cost of $860,000 with an estimated useful life of 10 years and an estimated salvage value of $77,400. Compute the depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.) Depreciation for the Period Beginning of Annual Period Period Book Value First Year Second Year Third Year Depreciation Depreciation Rate (%) Expense End of Period Accumulated Depreciation. Book Value