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Cullumber Chemicals Company acquires a delivery truck at a cost of $ 2 5 , 2 0 0 on January 1 , 2 0 2
Cullumber Chemicals Company acquires a delivery truck at a cost of $ on January The truck is expected to have a salvage value of $ at the end of its year useful life.Compute annual depreciation for the first and second years using the straightline method.First YearSecond YearAnnual depreciation under straightline method $
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