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you buy a fleet of 10 general purpose trucks for your business. they cost 40000 each...

you buy a fleet of 10 general purpose trucks for your business. they cost 40000 each at t =0. you plan to use them for 8 years and sell them each at 8000 at that time.
(a) show the book value and depreciation allowance for first 4 years using Straight line depreciation
(b) repeat the calculation using a rate so that the book value equal the salvage value at the end of the 8 years

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