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Compute annual depreciation for the first

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Reference no: EM132204075

Gordon Chemicals Company acquires a delivery truck at a cost of $20,600 on January 1, 2017. The truck is expected to have a salvage value of $3,600 at the end of its 5-year useful life.

Compute annual depreciation for the first and second years using the straight-line method. (Round answers to 0 decimal places, e.g. 125.)

Reference no: EM132204075

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