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Coronado Industries purchased a truck at the beginning of 2020 for $108800. The truck is estimated to have a salvage value of $4400 and a
Coronado Industries purchased a truck at the beginning of 2020 for $108800. The truck is estimated to have a salvage value of $4400 and a useful life of 117000 miles. It was driven 20000 miles in 2020 and 28000 miles in 2021. What is the depreciation expense for 2020 O $19350 O $42816 O $24976 O $17840
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