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24 September, 13:25

Mike Montana purchased a delivery car for his pizza shop. The car cost $18,000, has a six year life, and a residual/trade-in value of only $3,000 due to heavy use. Mike plans to use the straight-line method of depreciation. What is the amount of depreciation expense for year 1?

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  1. 24 September, 13:42
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    54000000 ...
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