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WhizBangs, Inc. purchases a vehicle for $100,000 on January 1, 2016, and expects to use the vehicle for six years. (T or F) If the

WhizBangs, Inc. purchases a vehicle for $100,000 on January 1, 2016, and expects to use the vehicle for six years.

(T or F) If the monthly straight-line depreciation is $1,250, then the residual value is $15,000.

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