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A motor vehicle was purchased for $15,000 in 2020. It has no salvage value. Its useful life is 120,000 miles. In December 2020, it was
A motor vehicle was purchased for $15,000 in 2020. It has no salvage value. Its useful life is 120,000 miles. In December 2020, it was driven for 1,100 miles. Calculate the depreciation expense for the month of December. Do not prepare a journal entry.
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