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On January 1. Year 1. Marino Moving Company paid $48, 000 cash to purchase a truck. The truck was expected to have a four year

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On January 1. Year 1. Marino Moving Company paid $48, 000 cash to purchase a truck. The truck was expected to have a four year useful life and an $8, 000 salvage value If Marino uses the double-declining-balance method, the amount of depreciation expense recognized on the Year 3 income statement is $4, 000, $6, 000, $12, 000, $24, 000

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