Belmont Paving Company purchased a hauling truck on January 8, 2012, ata cost of $37,000. The truck has a useful life of eight years with an estimatedsalvage value of $6,000. The straight-line method is used for book purposes. For tax purposes, the truck would be depreciated by MACRS over its five-year class life. Determine the annual depreciation amount to be taken over the useful life of the hauling truck for both book and tax purposes.

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.