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A company purchased a car for a cost of $45,000. It has an estimated residual value of $5,000 and an estimated service life of 5
A company purchased a car for a cost of $45,000. It has an estimated residual value of $5,000 and an estimated service life of 5 years or 100,000 miles. Using the activity-based method, what is the amount of depreciation expense for the second full year, in which the truck was driven 21,000 miles
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