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On September 1, a company purchased a vehicle for $108,000 with a residual value of $9,000. The estimated useful life is 9 years and the

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On September 1, a company purchased a vehicle for $108,000 with a residual value of $9,000. The estimated useful life is 9 years and the company uses the straight-line method. What is the depreciation expense for the year ended December 31? $4,000 $3, 667 $2, 750 $11,000

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