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TB MC Qu. 08-66 (Static) On January 1, Year 1, Marino Moving... On January 1, Year 1, Marino Moving Company paid $64,000 cash to purchase

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TB MC Qu. 08-66 (Static) On January 1, Year 1, Marino Moving... On January 1, Year 1, Marino Moving Company paid $64,000 cash to purchase a truck. The truck was expected to have a four-year useful life and a $4,000 salvage value. If Marino uses the straight-line method, the amount of depreciation expense recognized on the Year 2 income statement is Multiple Choice $16.000 $32.000 $15,000 $10,000

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