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Answer the ten (10) questions given the following data set: ...

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Accounting

Answer the ten (10) questions given the following data set:
ABC purchases a new delivery truck on January 1,2022. The cost of the truck is $40,000. The truck is expected to last for five (5) years and at that time have a salvage (residual) value of $5,000.
After two (2) years, ABC believes it will now have the delivery truck for a total of 8 years and after that time, the truck will have a $2,000 salvage (residual) value.
After 6 years, ABC sells the truck for $6,000.Question 1
What is the Year 1 Depreciation Expense?
Enter all amounts as a positive number with no dollar signs or commas. For example, if the answer
is $3,500, enter 3500.
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