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Bing's Export Co. Bing's Export Co.purchased a New Delivery Truck at the Beginning

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Bing's Export Co.
Bing's Export Co.purchased a new delivery truck at the beginning of 2015.The truck has a cost of $37,000, an estimated life of 5 years, and an estimated residual value of $7,000.A full year's depreciation expense is to be recorded in 2015.The truck was driven 20,000 miles during 2015 and 24,000 miles during 2016.The number of expected miles over five years is 100,000.
-Refer to information for Bing's Export Co.
What is the amount by which double-declining-balance depreciation exceeds straight-line depreciation over the 5-year life of the truck?

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Definitions:

Established Business Owner

An individual who owns and operates a business that has demonstrated sustainability and success over time.

All-Female

Comprised entirely of female members or participants, often highlighted in contexts where gender representation is notable.

Housing Construction

The process of building residential buildings, which encompasses planning, design, and construction of houses or apartments.

Hybrid Model

A business or operational model combining two or more different types of structures, methods, or approaches, such as remote and in-office work environments.

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