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Montello Inc. purchases a delivery truck for $ 1 5 , 0 0 0 . The truck has a salvage value of $ 3 ,

Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is expected to be driven for eight years. Montello uses the straight-line depreciation method. Calculate the annual depreciation expense.
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