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Marigold Corp. acquires a delivery truck at a cost of $40,000 on January 1, 2022. The truck is expected to have a salvage value of
Marigold Corp. acquires a delivery truck at a cost of $40,000 on January 1, 2022. The truck is expected to have a salvage value of $5,000 at the end of its 10-year useful life. Compute annual depreciation for the first and second years using the straight-line method. Year 1 Year 2 Annual depreciation expense $
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