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Concord Corporation purchased a truck at the beginning of 2020 for $108500. The truck is estimated to have a salvage value of $4600 and a

Concord Corporation purchased a truck at the beginning of 2020 for $108500. The truck is estimated to have a salvage value of $4600 and a useful life of 117000 miles. It was driven 24000 miles in 2020 and 32000 miles in 2021. What is the depreciation expense for 2020?

$49728

$28416

$21312

$23200

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