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If a Vehicle Was Purchased for $6,500 and Has a Residual

Question 43

Multiple Choice

If a vehicle was purchased for $6,500 and has a residual value of $500,the annual depreciation expense will be $1,000 if the estimated useful life is

A) 6 years.
B) 6.5 years.
C) 7 years.
D) 13 years.

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