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If you bought a new truck for $40,000 for your auto parts delivery service, and you estimated that the truck would last you 200,00 miles
If you bought a new truck for $40,000 for your auto parts delivery service, and you estimated that the truck would last you 200,00 miles with a salvage value of $4,000, what would be your depreciation expense for the first year in which you used the truck for 12,500 miles? $2,250 $2,500 $1,250 $2,000
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