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POSSIBLE POINTS 9.09 On Jan 1, 2020, Road King Trucking Company purchased a new truck for $60,000. The truck is estimated to have a useful

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POSSIBLE POINTS 9.09 On Jan 1, 2020, Road King Trucking Company purchased a new truck for $60,000. The truck is estimated to have a useful life of 5 years and a residual value of $5,000. How much depreciation expense will be recorded for the truck during the year ended December 31, 2020 O 10,100 O $11,000 $12,000 O $10,000

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