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Linton Company purchased a delivery truck for $25,000 on January 1, 2017. The truck has an expected salvage value of $2,100, and is expected to
Linton Company purchased a delivery truck for $25,000 on January 1, 2017. The truck has an expected salvage value of $2,100, and is expected to be driven 107,000 miles over its estimated useful life of 10 years. Actual miles driven were 13,900 in 2017 and 12,600 in 2018.
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