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On January 1, 2016 Missouri Co. purchased a truck that cost $44,000. The truck had an expected useful life of 10 years and a $4,000

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On January 1, 2016 Missouri Co. purchased a truck that cost $44,000. The truck had an expected useful life of 10 years and a $4,000 salvage value. The amount of depreciation expense recognized in 2017 assuming that Missouri uses the double declining-balance method is: Multiple Choice $6,400. $7,040. $4,400. $8,800

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