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Corales Company acquires a delivery truck at a cost of $38,000. The truck is expected to have a salvage value of $6,000at the end of

Corales Company acquires a delivery truck at a cost of $38,000. The truck is expected to have a salvage value of $6,000at the end of its4-year useful life.

Compute annual depreciation expense for the first and second years using the straight-line method.

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