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Compute annual depreciation expense for the first year

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Reference no: EM132317023

Question

Larkspur, Inc. acquires a delivery truck at a cost of $58,000. The truck is expected to have a salvage value of $11,000 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   $        $

Reference no: EM132317023

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