Problem
The initial cost of a heavy-duty truck is $140,000 It is assumed that its resale value after five years is $30,000. Calculate its depreciation schedule using: a-Straight-line method b-Double declining balance method c-Sum of the years digit method. d-MACRS method. Note- the truck is a five-year class property for the MACRS method.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.