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A Truck was purchased on January 2 that cost US$40,000 and was expected to last 10 years (with zero salvage value at the end of
A Truck was purchased on January 2 that cost US$40,000 and was expected to last 10 years (with zero salvage value at the end of its useful life.) At the end of the year, because the truck was driven so many miles, it was worth only US$30,000. Compute the depreciation that should be recorded for the year 2020.
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