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Irons Delivery Inc. purchased a new delivery truck for $45,000 on January 1, 2019. The truck is expected to have a $3,000 residual value at
Irons Delivery Inc. purchased a new delivery truck for $45,000 on January 1, 2019. The truck is expected to have a $3,000 residual value at the end of its 5-year useful life. Irons uses the straight-line method of depreciation. what method do i use to answer this question and what is the annual depreciation expense?
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