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Texas Corporation purchased a truck at the beginning of 2020 for $100,000. The truck is estimated to have a salvage value of $6,000 and a
Texas Corporation purchased a truck at the beginning of 2020 for $100,000. The truck is estimated to have a salvage value of $6,000 and a useful life of 100,000 miles. It was driven 25,000 miles in 2020 and 22,000 miles in 2021. What is the depreciation expense for 2020?
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