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Required: Calculate depreciation expense using the straight-line method for 2018 and 2019, assuming a December 31 year-end. E713 Tasty Subs acquired a delivery truck on
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Calculate depreciation expense using the straight-line method for 2018 and 2019, assuming a December 31 year-end.
E713 Tasty Subs acquired a delivery truck on October 1, 2018, for $21,600. The company estimates a residual value of $1,200 and a six-year service life.
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