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TTU's athletic department purchased a new van for $30,000. They expect to sell it in 3 years for $4,000. What is the annual depreciation expense

  1. TTU's athletic department purchased a new van for $30,000. They expect to sell it in 3 years for $4,000. What is the annual depreciation expense and annual tax deduction when using:

a.Straight-line depreciation:

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