Hilman Company purchased a truck on January 1,20A,at a cost of $34,000.The company estimated that the truck would have a useful life of 4 years and a residual value of $4,000.
Required:
1.Complete the following table:
2.Which of the two methods in part 1 would result in:
a.Lower profit in 20A? ___________
b.Lower profit in 20D? ___________

Question

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The Answer of Hilman Company purchased a truck on January 1,20A,at a cost of $34,000.The company estimated that the truck would have a useful life of 4 years and a residual value of $4,000.
Required:
1.Complete the following table:
2.Which of the two methods in part 1 would result in:
a.Lower profit in 20A? ___________
b.Lower profit in 20D? ___________

Hilman Company Purchased a Truck on January 1,20A,at a Cost