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Compute annual depreciation for the first and second years

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Reference no: EM132663129

Question - Gordon Chemicals Company acquires a delivery truck at a cost of $25,200 on January 1, 2017. The truck is expected to have a salvage value of $3,900 at the end of its 4-year useful life.

Required - Compute annual depreciation for the first and second years using the straight-line method.

Reference no: EM132663129

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