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QUESTION 8 M&S Co. purchased a truck for $12,000 on January 1 with life of five years and a salvage value of $2,000. Using

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QUESTION 8 M&S Co. purchased a truck for $12,000 on January 1 with life of five years and a salvage value of $2,000. Using straight-line depreciation, the depreciation expense for each year will be: $4,600 $2,400 $1,000 $2,000

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