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a company bought a truck on January 1, 2019 for 12,000,000, it is depreciated using the units of output methods, the truck is planned to
a company bought a truck on January 1, 2019 for 12,000,000, it is depreciated using the units of output methods, the truck is planned to have a useful life of 300,000 miles and the residual value is estimated to be 1,000,000. The annual mileage of the truck is 2019- 55,000, 2020- 70,000, 2021- 56,000, 2022- 44,000.
On June 30, 2022 the truck was involved in an accident and was sold for 700,000. what is the depreciation charge for the truck in the year 2022.
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