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Cakes by Kim purchased a delivery truck for $45,000 on March 1, 2015. The useful life of the truck is 5 years and it has

Cakes by Kim purchased a delivery truck for $45,000 on March 1, 2015. The useful life of the truck is 5 years and it has a $10,000 salvage value. Journalize the yearly depreciation expense using the Straight-Line method.

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