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How much will the truck depreciate in year three

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Question - Ms. Priya purchased a truck three years ago. They paid $20000 and expected to use the truck for five years, then sell it for $5000. At the beginning of year three , they decide the truck is still running well , so they will use it for 8years and sell it for $2000. How much will the truck depreciate in year three?

Reference no: EM132624895

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