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On January 1, 2025, a company acquired a truck for $140,000. Resklual value was estinnated to be 515,000 . The truck can be driven for

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On January 1, 2025, a company acquired a truck for $140,000. Resklual value was estinnated to be 515,000 . The truck can be driven for 120,000 milen or a usetui iffe of fon Actual usage of the truck was recorded as 10,000 miles for the first year. What is the amount of depreciation expense lor the first yoar calculated by the doubie - decliningmethod? A. 531,250 B. 570,000 C. $11,700 D. $10,400

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