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Exercise 10-07 a1-b2 Grouper Company purchased a delivery truck for $33,000 on January 1, 2020. The truck has an expected salvage value of $1,390, and

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Exercise 10-07 a1-b2 Grouper Company purchased a delivery truck for $33,000 on January 1, 2020. The truck has an expected salvage value of $1,390, and is expected to be driven 109,000 miles over its estimated useful life of 10 years. Actual miles driven were 15,400 in 2020 and 12,500 in 2021

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