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A Truck was purchased for $70,000 cash 2 years ago. The truck is depreciated using straight line depreciation over 10 years with no salvage value.

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A Truck was purchased for $70,000 cash 2 years ago. The truck is depreciated using straight line depreciation over 10 years with no salvage value. What is the annual depreciation expense? O $5,000 O $6,000 O $7,000 O $8,000

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