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Iverson Company purchased a delivery truck for $45,000 on January 1,2014. The truck...

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Accounting

Iverson Company purchased a delivery truck for $45,000 on January 1,2014.
The truck was assigned an estimated useful life of 100,000 miles over its 5-year life and has a salvage value of $10,000.
What is the depreciable cost of the truck?
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