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Apple co bought a car with an estimated life of five years for $12,000. The...

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Accounting

Apple co bought a car with an estimated life of five years for $12,000. The residual value of the car is $2,000. What will the amount of depreciation expense each year using the straight-line method? If the car was bought on April 3rd, what would the depreciation be for the first year, Show the work!

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