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Weller company acquires a delivery truck at a cost of $42,000. The truck is expected to have a residual value of $9,000 at the end

Weller company acquires a delivery truck at a cost of $42,000. The truck is expected to have a residual value of $9,000 at the end of its 4-year useful life. Compute annual depreciation expense for the first and second year using the straight-line method.

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