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Montello Inc. purchases a delivery truck for $ 2 5 , 0 0 0 on July 1 2 . The truck has a salvage value

Montello Inc. purchases a delivery truck for $25,000 on July 12. The truck has a salvage value of $5,000 and is expected to be driven for five years. Montello uses the straight-line depreciation method. Calculate the annual depreciation expense.
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