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A company purchases a car for $30,000 on July 1, 2014. It estimates that the equipment will have a salvage value of $2,000 and its
A company purchases a car for $30,000 on July 1, 2014. It estimates that the equipment will have a salvage value of $2,000 and its useful ife will be 280,000 km. Assuming that the company's accounting year ends on December 31 of each year, what will be the Depreciation Expense for the years 2014 (first blank) and 2015 (second blank)? In 2014, the company drove the car 80,000 km and in 2015, the company drove the car 50,000 km. In the blanks below, do not enter commas, dollar signs or decimals
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