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On January 1, Year 1 XYZ Company pald $84,000 cash to purchase a truck The truck has a $6,000 salvage value and a 4 year

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On January 1, Year 1 XYZ Company pald $84,000 cash to purchase a truck The truck has a $6,000 salvage value and a 4 year useful lfe XxZ uses double declining balance depreciation. How much depreciation expense would XYZ report on its Year 2 income statemente Multiple Choice $19,500 $21,000 $24.000 $42.000

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