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Ayayai Company acquires a delivery truck at a cost of $42000 on January 1, 2022. The truck is expected to have a salvage valie of

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Ayayai Company acquires a delivery truck at a cost of $42000 on January 1, 2022. The truck is expected to have a salvage valie of 54,000 at the end of its 5 -year useful life. Compute annual depreciation expense for the first and second years using the straight -line method

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