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A company purchases a new truck on January 1, 2022 and pays cash. The cost of the truck is $50,000. The company expects that they

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A company purchases a new truck on January 1, 2022 and pays cash. The cost of the truck is $50,000. The company expects that they will use the truck for 5 years and that at the end of 5 years, the truck will have a salvage value of $6,000 What is the depreciation expense for the year 2023 using the DOUBLE DECLINING BALANCE METHOD? O $7.200 $9,600 $12,000 $4,800

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