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Apex Chemicals Company acquires a delivery truck at a cost of $21,802 on January 1, 2010. The truck is expected to have a salvage value
Apex Chemicals Company acquires a delivery truck at a cost of $21,802 on January 1, 2010. The truck is expected to have a salvage value of $2,726 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straight-line method. (Round your answers to 0 decimal places, e.g. 2,550.)
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