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Straight - Line, Declining - Balance, and Sum - of - the - Years' - Digits Methods A light truck is purchased on January 1

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Straight-Line, Declining-Balance, and Sum-of-the-Years'-Digits Methods
A light truck is purchased on January 1 at a cost of $35,000. It is expected to serve for eight years and have a salvage value of $5,000. Calculate the
depreciation expense for the first and third years of the truck's life using the following methods. Round your answers to the nearest cent.
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