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On July 1, 2020, Nuby Trucking Company purchased a new truck for $78719. The truck is estimated to have a useful life of 8 years

On July 1, 2020, Nuby Trucking Company purchased a new truck for $78719. The truck is estimated to have a useful life of 8 years and a residual value of $12110. How much depreciation expense will be recorded for the truck during the year ended December 31, 2020?

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