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On January 1, Year 1, Missouri Co. purchased a truck that cost $50,000. The truck...

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Accounting

On January 1, Year 1, Missouri Co. purchased a truck that cost $50,000. The truck had an expected useful life of 10 years and a $5,000 salvage value. The amount of depreciation expense recognized in Year 2 assuming that Missouri uses the double declining-balance method is:

a. 7200

b 8000

c 10000

d 5000

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