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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
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 straight line method, the amount of depreciation expense recognized on the Year 2 balance sheet is $20,000 $30,000 $28,000 $38,000
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