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Tasty Subs acquired a food-service truck on October 1,2024 , for $25,200. The company estimates a residual value of $3,000 and a six-year service life.

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Tasty Subs acquired a food-service truck on October 1,2024 , for $25,200. The company estimates a residual value of $3,000 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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