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Or Inc.'s fiscal year ends on December 31. On January 1, 2016, Or Inc. purchased a truck at a cost of $62,000. The estimated useful

Or Inc.'s fiscal year ends on December 31. On January 1, 2016, Or Inc. purchased a truck at a cost of $62,000. The estimated useful life of the truck is 3 years. The residual value is estimated at $2,000. The company uses the straight-line depreciation method. 



What was the depreciation expense the company recorded in 2017?

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