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Trevor calculated the depreciation of the food truck he purchased for $36,000. He would use the truck to sell burritos throughout the summer and decided

Trevor calculated the depreciation of the food truck he purchased for $36,000. He would use the truck to sell burritos throughout the summer and decided that the useful life of the truck was seven years. Trevor also determined the residual value of the truck to be $1,000. Trevor calculated the annual straight line depreciation of the truck to be

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