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A truck acquired at a cost of $ 5 2 5 , 0 0 0 has an estimated residual value of $ 3 2 ,
A truck acquired at a cost of $ has an estimated residual value of $ has an estimated useful life of miles, and was driven miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places.
Line Item Description Amount
a The depreciable cost $fill in the blank
b The depreciation rate $fill in the blank
per mile
c The unitsofactivity depreciation for the year $fill in the blank
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