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Can you please help me double-check my calculations on the following problems to ensure

I worked them correctly? Thank you for your assistance!

Screen Shot 2019-08-01 at 6.00.45 PM.png

Screen Shot 2019-08-01 at 6.00.45 PM.png

Question 3 (10 points) v’ Saved Cambridge Company purchased a truck on January 1, 2018. Cambridge paid
$16,000 for the truck. The truck is expected to have a $3,500 residual value and a
7-year life. Cambridge has a December 31 fiscal year end. Using the straight-line
method, how much is the 2019 depreciation expense? (Enter only whole dollar
values.) Your Answer: 1,786 Answer Question 4 (10 points) J Saved Somerset Company acquired a piece of equipment with a list price of $200,000 for
$150,000. Freight to Somerset's location was $8,000. Installation and testing costs
were $7,500. An old piece of equipment was scrapped as a result of this new
purchase. The old piece of equipment had an undepreciated value (net book value)
of $8,000. The new piece of equipment is expected to have a 10 year life and a
salvage value of $15,000. What is the total value assigned to the new piece of
equipment? Your Answer: 165,500 Answer

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