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14.Deuce Company purchased a truck for $50,000 on January 2, 20X1. The asset has an expected salvage value of $5,000 at the end of its

14.Deuce Company purchased a truck for $50,000 on January 2, 20X1. The asset has an expected salvage value of $5,000 at the end of its five-year useful life.

How much is the depreciation expense in 20X2 if sum-of-years digits depreciation is used?

Multiple Choice

  • $6,000
  • $9,000
  • $12,000
  • $15,000

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