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Business, 02.12.2019 22:00 savannnab1890

Marigold corp. purchased a taxicab on january 1, 2021 for $5 to use for its shuttle business. the cab is expected to have a five-year useful life and no salvage value. during 2022, it retouched the cab's paint at a cost of $2000, replaced the transmission for $5000 (which extended its life by an additional 2 years), and tuned-up the engine for $300. if marigold corp. uses straight-line depreciation, what amount of annual depreciation will marigold report for 2022?

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