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Tasty Subs acquired a delivery truck on October 1, 2018, for $20,000. The company estimates a residual value of $2,000 and a six-year service life.

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Tasty Subs acquired a delivery truck on October 1, 2018, for $20,000. The company estimates a residual value of $2,000 and a six-year service life. Required: Calculate depreciation expense using the straight-line method for 2018 and 2019, assuming a December 31 year-end

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