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CVN purchased a truck three years ago . They paid 20000 and expected to use the truck for five years , then sell it for
CVN purchased a truck three years ago . They paid 20000 and expected to use the truck for five years , then sell it for 5000 . At the beginning of year three, they decide the truck is still running well , so they will use it for 8 years and sell it for 2000.
How much will the truck depreciate in year three?
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