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A delivery truck costing $8,000 with a salvage value of $500 and an estimated useful life of 5 years was purchased on July 1 of

A delivery truck costing $8,000 with a salvage value of $500 and an estimated useful life of 5 years was purchased on July 1 of Year 1. Depreciation Expense, Year 1, doubledeclining balance method would be (Please provide and explanation)

a. $1,500

b. $1,600

c. $3,000

d. $3,200

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