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Compute depreciation expense using the straight line method

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Reference no: EM132499886

Smart Company purchased a delivery truck for $70,000 on July 1, 2012. The truck was assigned an estimated useful life of 5 years and has a residual value of $15,000.

Question 1: Compute depreciation expense using the straight line method for the years 2012 and 2013.

Reference no: EM132499886

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