What is the amount of depreciation expense on the truck

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Question: Calla Lily Nursery purchased a delivery truck on July 1, 20X1, for $82,000. The truck is expected to have a useful life of 6 years and a residual value of $10,000. The company uses the straight-line method of depreciation. What is the amount of depreciation expense on the truck for the year ended December 31, 20X1?

Reference no: EM133654151

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