What is double declining balance method, Accounting Basics

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What is double declining balance method

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Q: On January 1, 2011, Franz Company purchased a truck that cost $44,000. The truck had an expected useful life of 5 years and a $8,000 salvage value. The book value of the truck at the end of 2011, assuming that Franz uses the double declining balance method.

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Accounting Basics: What is double declining balance method

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