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On September 1, a company purchased a vehicle for $48,000 with a residual value of $4,000. The estimated useful life is 10 years and the

On September 1, a company purchased a vehicle for $48,000 with a residual value of $4,000. The estimated useful life is 10 years and the company uses the straight-line method. What is the depreciation expense for the year ended December 31

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