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A company purchases a new truck on January 1, 2022 and pays cash. The cost of the truck is $20,000. 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 $20,000. The company expects that they will use the truck for 8 years and that at the end of 8 years, the truck will have a salvage value of $2,000. What is the depreciation expense for the year 2023 using the ACCELERATED METHOD? $8,000 $5,000 $4,800 $3,750

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