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A company purchased a new truck at a cost of $50,000 on July 1. The truck is estimated to have a useful life of 5

A company purchased a new truck at a cost of $50,000 on July 1. The truck is estimated to have a useful life of 5 years and a salvage value of $3,800. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the truck during the first year ended December 31?

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