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A company purchased a new truck at a cost of $42,000 on July 1, 2009. The truck is estimated to have a useful life of

A company purchased a new truck at a cost of $42,000 on July 1, 2009. The truck is estimated to have a useful life of 6 years and a salvage value of $3,000. How much depreciation expense will be recorded for the truck for the year ended December 31, 2009? $4,000 $3,250 $7,000 $3,500 $6,500

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