A truck acquired at a cost of $134,000 has an estimated residual value of $35,000, has an

Question:

A truck acquired at a cost of $134,000 has an estimated residual value of $35,000, has an estimated useful life of 300,000 miles, and was driven 52,000 miles during the year. Determine
(a) The depreciable cost,
(b) The depreciation rate, and
(c) The units-of production depreciation for the year.