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1 points Save Angel On January 1, 2018, Phoenix Corporation purchased a delivery truck for $45,000. The estimated useful life of the truck is 5

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1 points Save Angel On January 1, 2018, Phoenix Corporation purchased a delivery truck for $45,000. The estimated useful life of the truck is 5 years, with an estimated salvage value of $9,000. The truck is expected to be driven 200,000 miles during its useful life. Assume that Phoenix used units-of-production depreciation instead. The delivery van was driven 50,000 miles the first year and 40,000 miles the second vear. What is the amount of depreciation expense for 2018 and for 20197 TT T Arial 3 (12pt) T.E.E.B.025

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