Uses the straight-line method for depreciation

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XYZ Company purchased a refrigerated delivery truck for $65,000 on January 1, 2015. The plan is to use the truck for 5 years and then replace it. At the end of its useful life, the truck is expected to have a salvage value of $10,000. The fiscal year ends December 31.

Prepare the depreciation table for XYZ's truck, assuming that the company uses the straight-line method for depreciation.

Reference no: EM131202705

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