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Hadicko Company purchased a delivery truck on January 1, 2019

Accounting

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Hadicko Company purchased a delivery truck on January 1, 2019. Cost of Truck $35,000 Expected residual value $10,000 Estimated useful life in years 5 years Straight-line depreciation rate 20% Estimated useful life in miles 100,000 miles Miles operated in first year 18.000 miles Instructions a.Compute depreciation expense and prepare journal entry using the straight-line method for the first year b.Determine the depreciation expense per mlle compute depreciation expense and prepare Journal entry using the units-of-activity method for the first year. c.Compute depreciation expense and prepare Journal entry using the declining-balance method for the test your A-BI !!! III 2? >