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On January 1, a company purchased a truck for $75,000. The truck will be depreciated...

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Accounting

On January 1, a company purchased a truck for $75,000. The truck will be depreciated on a straight-line basis and has a useful life of 5 years. If the salvage value of the truck is $12,000, what journal entry is required to record the depreciation expense for March?
Multiple Choice
\table[[Depreciation Expense - Trucks,,$1,050,],[Trucks,,,$1,050
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