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Martinez Company acquires a delivery truck at a cost of $60.000 on January 1.2022. The truck is expected to have a salvage value of $14,000

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Martinez Company acquires a delivery truck at a cost of $60.000 on January 1.2022. The truck is expected to have a salvage value of $14,000 at the end of its 10 -year useful life. Compute annual depreciation expense for the first and second years using the straight-line method

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