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Howard's gun shop bought a new delivery truck on March 1, 2020, for $20,000. The estimated life is 5 years and the estimated salvage is

Howard's gun shop bought a new delivery truck on March 1, 2020, for $20,000. The estimated life is 5 years and the estimated salvage is $4,000. Howard's is a calendar-year firm and uses the straight-line method to calculate depreciation on the delivery truck.

Calculate the depreciation expense on Howard's for 2020 and 2021.

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