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same pools of quiz questions to study. Graded and ungraded quizzes draw from the same...

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Accounting

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same pools of quiz questions to study. Graded and ungraded quizzes draw from the same pools of questions. Teaching assistants (TAs) are also available to help students with graded and ungraded quiz questions D Question 8 0.5 pts Able Towing Company purchased a tow truck for $50,000 on January 1 of its first year. The truck was originally depreciated on a straight-line basis over 8 years with an estimated salvage value of $10,000. At the end of the fourth year, before year-end adjusting entries have been recorded, the company decided to revise the estimated life of the truck to a total of 6 years and to change its estimated salvage value to $2,000. How much depreciation expense should be recorded for the fourth year? $8.250 O $13,000 $11,000 O $12,100 $9,333 Next Previous

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