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What amount of depreciation should be recognized

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Question - BITCO purchased a vehicle for $30,000 on July 1, 2020. BITCO's fiscal year ends on December 31, 2020. If the vehicle is expected to last 5 years and will have a salvage value of $2,000. Assuming straight-line depreciation, what amount of depreciation should be recognized for 2020?

Reference no: EM133115043

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