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On January 1, Year 1 Missouri Company purchased a truck that cost $41,000. The truck had an expected useful life of 10 years and a
On January 1, Year 1 Missouri Company purchased a truck that cost $41,000. The truck had an expected useful life of 10 years and a $4,000 salvage value. Missouri uses the double declining-balance method. What is the amount of depreciation expense recognized in Year 2?
a) $8,200
b) $6,560
c) $4,100
d) $5,920
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