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Cullumber Ltd. purchased a delivery truck on January 1, 2018, at a cost of $77,250. The truck is expected to have a residual value of

Cullumber Ltd. purchased a delivery truck on January 1, 2018, at a cost of $77,250. The truck is expected to have a residual value of $8,530 at the end of its 4-year useful life. Cullumber has a December 31 year end. Calculate the depreciation using the straight-line method in total over the truck's life. Depreciation in total

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