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2. A truck purchased for $35,000 has an estimated life of 5 years or 250,000 km and a residual value of $5,000. A total
2. A truck purchased for $35,000 has an estimated life of 5 years or 250,000 km and a residual value of $5,000. A total of 53,000 km was driven in the first year and 75,000 km in the second year. Calculate the depreciation rate per unit and the depreciation expense for the first two years, using the Units-of-Production depreciation method.
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