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Best Construction purchased a delivery truck on June 1, 2021. The following information is available: Cost = $90,000 Estimated service life = 5 years Estimated

Best Construction purchased a delivery truck on June 1, 2021. The following information is available:

Cost = $90,000 Estimated service life = 5 years Estimated residual value = $15,000

Calculate the balance of accumulated depreciation for the year ended December 31, 2022, using straight-line depreciation.

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