Would this be accumulated depriciation?

User Generated

FAF108349610721084622808

Business Finance

Description

On May 2, Bill purchased a used truck for $5,000 to use for his business. He estimates a trade-in value of $500 at the end of the estimated five-year life of the truck.

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Explanation & Answer

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yes it will be accumulated depreciation because it is used to estimate the book value  as in the given scenario he estimated trade in value of 500$ at the end of five years life of truck........ 

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