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Runner Inc. purchased a truck on September 25, 2018 for $75,000. The truck was originally estimated to last for 10 years and have a residual

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Runner Inc. purchased a truck on September 25, 2018 for $75,000. The truck was originally estimated to last for 10 years and have a residual value of $15,000. On December 31, 2019, Runner Inc. determines that the truck will only be useful for 4 more years and have a residual value of $7,000. Runner Inc. uses the straight-line depreciation method. How much depreciation expense should Runner Inc. record for the year ending December 31, 2020? (When entering your answer do not use $ signs and round to the nearest whole number.)

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