Stuck Stucky purchased a new truck on July 1, 2005 at a cost of $20,000. The truck had a life of 7 years and salvage of $6,000.00. Using the straight-line method, record the following:-

Question

1. The purchase on July 1, 2005
2. The Depreciation for 2005
3. What is the book value of the truck at December 31, 2005, and December 31, 2006?

Answer 1

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Answer 2

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Answer 4

2008??