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QUESTION
Rose Bush Nursery purchased a delivery truck for $44,200. The truck is expected to have a useful life of 5 years and a residual value of $2,800. If the truck was purchased on June 1, 2019, what is the
Rose Bush Nursery purchased a delivery truck for $44,200. The truck is expected to have a useful life of 5 years and a residual value of $2,800. If the truck was purchased on June 1, 2019, what is the amount of depreciation expense for the truck for the year ended December 31, 2019? The company uses the straight-line method of depreciation.
