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A truck acquired at a cost of $455,000 has an estimated residual value of $25,000, has an estimated useful life of 50,000 miles, and was

image text in transcribed A truck acquired at a cost of $455,000 has an estimated residual value of $25,000, has an estimated useful life of 50,000 miles, and was driven 5,000 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places. (a) The depreciable cost (b) The depreciation rate (c) The units-of-activity depreciation for the year $ $ $ per mile

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