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1. How much straight line depreciation would you take in year 1 for a SUV used in your business. Purchased January 1, 2016. Cost is

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1. How much straight line depreciation would you take in year 1 for a SUV used in your business. Purchased January 1, 2016. Cost is $45,000, estimated life is 5 yrs with salvage value of $5,000

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