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Flounder Company acquires a delivery truck at a cost of $58,000. The truck is expected to have a salvage value of $11,000 at the end

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Flounder Company acquires a delivery truck at a cost of $58,000. The truck is expected to have a salvage value of $11,000 at the end of its 4-year useful life. Compute annual depreciation expense for the first and second years using the straight line method. Year 1 Year 2 Annual depreciation expense

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