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Whispering Winds Company acquires a delivery truck at a cost of $43,000 on January 1, 2022. The truck is expected to have a salvage value

Whispering Winds Company acquires a delivery truck at a cost of $43,000 on January 1, 2022. 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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