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What is the depreciation expense recorded by Algo Company

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Question - On January 1, 2018, Algo Company purchased a truck for $50,000. Salvage value is expected to be $5,000. The truck's useful life is expected to be 5 year. The company uses the straight-line depreciation expense method to record depreciation. What is the depreciation expense recorded by Algo Company in 2018?

Reference no: EM132594088

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