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Montello Inc. purchases a delivery truck for $ 2 5 , 0 0 0 on Jan 2 . The truck has a salvage value of

Montello Inc. purchases a delivery truck for $25,000 on Jan 2. The truck has a salvage value of $5,000 and is expected to be driven for five years. Montello uses the double declining depreciation method. Calculate the annual depreciation expene.
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