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Gordon Chemicals Company acquires a delivery truck at a cost of $35,000 on January 1,...

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Accounting

Gordon Chemicals Company acquires a delivery truck at a cost of $35,000 on January 1, 2017. The truck is expected to have a salvage value of $5,000 at the end of its 6-year useful life.

First Year Second Year

Annual depreciation under straight-line method $__________ $___________

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