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Computing Depreciation Depreciation in Year 1: 9 Depreciation in Year 2:

Computing Depreciation A delivery van costing $44,400 is expected to have a $3,480 salvage value at the end of its useful life of five years. Assume that the truck was purchased on January 1 . Compute the depreciation expense for the first two calendar years under the straight-line depreciation method. Depreciation in Year 1: $ Depreciation in Year 2: $