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What is the depreciation expense for year

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Question - A company purchased a vehicle. The vehicle cost $36,000 and has a salvage value of $1,000. The vehicle is expected to last five years. The company uses straight-line depreciation. What is the depreciation expense for year 1?

$35,000

$6,500

$1,000

$7,200

$7,000

Reference no: EM132170129

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