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Basden Carpet Cleaning recently purchased a small Nissan truck to use in transporting their cleaning materials to and from client homes. The truck cost $26,980 and Basden expects to make it last for six years. At the end of the six years Ms. Basden believes that the truck will only be worth $500. If Ms. Basden prepares her records yearly and uses the straight-line depreciation method how much would she record in depreciation expense in the second year?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9963691

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