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Martinez Company purchased a delivery truck for $26,000 on January 1, 2022. The truck has an expected salvage value of $750, and is expected to

Martinez Company purchased a delivery truck for $26,000 on January 1, 2022. The truck has an expected salvage value of $750, and is expected to be driven 101,000 miles over its estimated useful life of 10 years. Actual miles driven were 14,100 in 2022 and 14,000 in 2023.

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