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A company purchased a truck for $35,000 on January 1, 2019. The truck is estimated to have a useful life of four years or 17,000
A company purchased a truck for $35,000 on January 1, 2019. The truck is estimated to have a useful life of four years or 17,000 miles, and a salvage value of $1,000. Assuming the the company uses the Units of production method and the truck was driven for 2,000 miles, what is depreciation expense for the year ended December 31, 2020? O $4,000.00 $400.00 $3500.00 $230.00
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