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Novak Company acquires a delivery truck at a cost of $52,000 on January 1,2022 . The truck is expected to have a salvage value of

image text in transcribed Novak Company acquires a delivery truck at a cost of $52,000 on January 1,2022 . The truck is expected to have a salvage value of $13,000 at the end of its 5-year useful life. Compute annual depreciation expense for the first and second years using the straight-line method

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