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On September 1, a company purchased a vehicle for $23,000 with a residual value of $3,000. The estimated useful life is 5 years and the
On September 1, a company purchased a vehicle for $23,000 with a residual value of $3,000. The estimated useful life is 5 years and the company uses the straight line method. What is the depreciation expense for the year ended Dec 31? (A). $1,333 (B). $1,000 (C). $4,000 (D). $1,533
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