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2. You purchased trucks for $1,000,000 on January 1, 2020. You expect to drive the trucks for 7 years, with $100,000 of residual value for

2. You purchased trucks for $1,000,000 on January 1, 2020. You expect to drive the trucks for 7 years, with $100,000 of residual value for the trucks. Please calculate the Depreciation Expense and the Accumulated Depreciation, and the Net Value of the truck. (10 points)

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