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Apple Company bought a car with an estimated life of five years for $12,000. The residual value of the car is $2,000. What will be

Apple Company bought a car with an estimated life of five years for $12,000. The residual value of the car is $2,000. What will be the amount of depreciation expense each year using the straight line method? If the car was bought on April 3, what would be the depreciation for the first year?

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