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Exercise 7-13 Determine straight-line depreciation for partial periods (LO4) Tasty Subs acquired a delivery truck on October 1, 2015, for $18,000. The company estimates a

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Exercise 7-13 Determine straight-line depreciation for partial periods (LO4) Tasty Subs acquired a delivery truck on October 1, 2015, for $18,000. The company estimates a residual value of $1,800 and a six-year service life. Required: Calculate depreciation expense using the straight-line method for 2015 and 2016, assuming a December 31 year-end. Depreciation expense 2015 2016

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