Gordon Chemicals Company acquires a delivery truck at a cost of $20,400 on January 1,...
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Gordon Chemicals Company acquires a delivery truck at a cost of $20,400 on January 1, 2017. The truck is expected to have a salvage value of $4,500 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straight-line method. (Round answers to 0 decimal places, e.g. 125.)
Annual depreciation under straight-line method
first year | second year
$ | $
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