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Question 103 - CLTD discussion
A trucking company purchased a tractor-trailer for $150,000 to support its short-haul business. The tractor-trailer will be in service for 5 years before it will be sold at $55,000.
With annual fuel costs estimated at $12,000, what is the annual depreciation for the vehicle?
A.
$7,000
B.
$11,000C. $19,000
C.
$30,000
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