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Fulton Inc purchased a new delivery truck at a cost of $50,000 on January 1, 2019. They expect the truck to have a 5 year

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Fulton Inc purchased a new delivery truck at a cost of $50,000 on January 1, 2019. They expect the truck to have a 5 year useful life and that it will have a $2,000 salvage value at the end of its life. They also expect the truck will be driven a total of 200,000 miles during its 5 year life. Fulton drives the truck 80,000 miles in 2019 and 90,000 miles in 2020. What is the balance in Accumulated Depreciation for the truck on December 31, 2020? $22,500 $21,600 O $42,500 $40,800 Some other

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