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On January 1, 2023, the Speedy Delivery Company purchased a truck for $50,000. At the end of its 4 year service life, it is estimated

On January 1, 2023, the Speedy Delivery Company purchased a truck for $50,000. At the end of its 4 year service life, it is estimated that the truck will be worth $8,000. Cost Residual value Useful life Calculate annual depreciation for the 4-year life of the truck using each of the following methods

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