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Day 34

Sunday, 6 September 2026

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Depreciate two fleet assets with the declining-balance method

DB depreciates whatever balance is left after the previous year, not the original cost — so the same rate produces a smaller figure every year, which is the whole point of "declining balance".

Task:

You handle fleet accounting for Ridgeview Landscaping. A new crew truck and a mower trailer have just gone into service, and the company depreciates its equipment for tax reporting using the fixed-declining balance method rather than straight-line. Work out each asset's depreciation for year 1 in column E and year 2 in column F.

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