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If a Truck Cost $13,000, Has a Residual Value of $1,000

Question 116

Multiple Choice

If a truck cost $13,000, has a residual value of $1,000, and has a useful life of 10 years, the depreciation for a month would be

A) $1,200.
B) $108.33.
C) $1,300.
D) $100.

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