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Multiple Choice On September 1, Emil Rovey purchased a vehicle for $108,000 with a residual value of $9,000. The estimated useful life is 9 years

Multiple Choice On September 1, Emil Rovey purchased a vehicle for $108,000 with a residual value of $9,000. The estimated useful life is 9 years and the company uses the straight-line method. What is the depreciation expense for the year ended December 31? (Round your answer to the nearest whole dollar amount.) $3,667 $11,000 $4,000 $2,750

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