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A company acquired a delivery truck on October 1, Year 1, for $16,500. The company estimates a residual value of $1,500 and a six- year

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A company acquired a delivery truck on October 1, Year 1, for $16,500. The company estimates a residual value of $1,500 and a six- year service life. Required: Calculate depreciation expense using the straight-line method for Year 1 and Year 2, assuming a December 31 year-end. Year 1 Year 2 Depreciation expense

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