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Tasty Subs acquired a food - service truck on October 1 , 2 0 2 4 , for $ 2 0 , 0 0 0

Tasty Subs acquired a food-service truck on October 1,2024, 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 2024 and 2025, assuming a December 31 year-end.

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