Sandhill Ltd. purchased a delivery truck on May 1,2024 , at a cost of $79,000....
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Sandhill Ltd. purchased a delivery truck on May 1,2024 , at a cost of $79,000. The truck is expected to have a residual value of $7,900 at the end of its 4-year useful life. Sandhill has a December 31 year end. Sandhill records depreciation to the nearest month. Calculate the depreciation expense using the straight-line method for 2024 and 2025
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