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On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck....

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Accounting

On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four year useful life and an $8,000 salvage value. If Marino uses the straight-line method, the amount of depreciation expense recognized on the Year 2 income statement is

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