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*Brief Exercise 9-04 Novak Corp. acquires a delivery truck at a cost of $55,000. The truck is expected to have a salvage value of $16,000

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*Brief Exercise 9-04 Novak Corp. acquires a delivery truck at a cost of $55,000. The truck is expected to have a salvage value of $16,000 at the end of its 4-year useful life. Compute annual depreciation expense for the first and second years using the straight-line method. Year 1 Year 2 $ $ Annual depreciation expense

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