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6 dni temu · A truck costs $16,000 with a residual value of $1,000. It has an estimated useful life of five years. If the truck was bought on July 3, what would be the book value at the end of year 1 using straight-line rate?
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20 godz. temu · A.) Use residual to calculate yearly depreciation. B.) Have a book value. C.) Accelerate depreciation. D.) Let the cost remain the same. E.) None of these
20 godz. temu · The residual value of $6,500 per machine is not guaranteed by Star or by a third party. It is probable that all lease payments will be collected. How should the lease be classified by the lessor?
