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Marigold Company acquires a delivery truck at a cost of $50.000 on January 1, 2022. The truck is expected to have a saivage value of

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Marigold Company acquires a delivery truck at a cost of $50.000 on January 1, 2022. The truck is expected to have a saivage value of $4,000 at the end of its 8 -year useful life. Compute annual depreciation expense for the first and second years using the straight-line method

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