Units-of-activity depreciation Obj. 2 A truck acquired at a cost of $80,000 has an estimated residual value of $8,000, has an estimated useful life of 200,000 miles, and was driven 18,000 miles during the year. Determine

(a) the depreciable cost,

(b) the depreciation rate, and

(c) the units-of-activity depreciation for the year.

AppendixLO1