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Unformatted text preview: seven-twelfths of the first full year's annual depreciation expense of $26,667 is added to five-twelfths of the second full year's annual depreciation expense of $21,333. This two-step calculation continues until the truck's final year of use, at which time depreciation expense is calculated by multiplying the last full year's annual depreciation expense of $5,333 by seven-twelfths....
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.
- Fall '10