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What was the depreciation expense the company recorded

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Question - Or Inc.'s fiscal year ends on December 31. On January 1, 2016, Or Inc. purchased a truck at a cost of $62,000. The estimated useful life of the truck is 3 years. The residual value is estimated at $2,000. The company uses the straight-line depreciation method. What was the depreciation expense the company recorded in 2017?

Reference no: EM133129037

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