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Truck was purchased on 3/1/06 for $30,000. Expected to have a trade in value of $3,000 at the end of its expected useful life of 3 years. What is the amount of depreciation expense for the year ending 12/31/06 under SL method?
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What was the journal entry for depreciation for the year ended 12/31/07?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9970004

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