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Complete the Following (Use the Straight-Line Method):
Auto: $40,000; Residual

Question 13

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Complete the following (use the straight-line method):
Auto: $40,000; Residual: $4,000; Estimated Life: 5 Yrs
 Year  Cost  Depreciation  Expense  Accumulated  Depreciation  Book Value 1 A BCD2EFGH3IJKL\begin{array} { | c | c | c | c | c | } \hline \text { Year } & \text { Cost } & \begin{array} { c } \text { Depreciation } \\\text { Expense }\end{array} & \begin{array} { c } \text { Accumulated } \\\text { Depreciation }\end{array} & \text { Book Value } \\\hline 1 & \mathrm {~A} & \mathrm {~B} & \mathrm { C } & \mathrm { D } \\\hline 2 & \mathrm { E } & \mathrm { F } & \mathrm { G } & \mathrm { H } \\\hline 3 & \mathrm { I } & \mathrm { J } & \mathrm { K } & \mathrm { L } \\\hline\end{array}

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A. $40,000; B. $7,200; C. $7,2...

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