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What is the depreciation expense for the first year straight-line method using the following? Cost of car $ 22,000 Residual value $ 5,000 Life

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What is the depreciation expense for the first year straight-line method using the following? Cost of car $ 22,000 Residual value $ 5,000 Life 6 years Multiple Choice O $2,430.50 $2,500 $2,833.33 $2,300.20

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