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    qnlrnr mlla
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    Patterson Company provided information on a vehicle's cost, useful life of 6 years or 100,000 miles, and residual value. In 2021 the vehicle drove 30,000 miles, in 2022 it drove 20,000 miles, and in 2023 it drove 15,000 miles.

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    Document13

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    Patterson Company provided information on a vehicle's cost, useful life of 6 years or 100,000 miles, and residual value. In 2021 the vehicle drove 30,000 miles, in 2022 it drove 20,000 miles, and in 2023 it drove 15,000 miles.

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    © All Rights Reserved
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    5 views3 pages

    Document 13

    Uploaded by

    qnlrnr mlla
    Patterson Company provided information on a vehicle's cost, useful life of 6 years or 100,000 miles, and residual value. In 2021 the vehicle drove 30,000 miles, in 2022 it drove 20,000 miles, and in 2023 it drove 15,000 miles.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    patterson Company provided the following information on

    January 1, 2020:
    Vehicle cost
    Useful life in years 6 Useful life in miles 100,000
    Residual value

    Actual miles driven

    2021
    2022
    2023
    30,000
    20,000
    15,000

    1. What is the depreciation for 2023 using the SYD method ?

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