A truck acquirent at a cost of $310,000 has an estimated residual value of $16,000, has an estimated useful life of 40.000 mes, and was hiven 4,000 miles during the year. Determine the following. If required, Hund your answer her the depreciation rate to two decimal places (a) The depreciable cost (b) The depreciation rate 10 The units-of-activity depreciation for the year X perme X Towy Deprecatie cut the difference between the asset's tier cost and is resi The side valve is the estimated value at the end of the the Aual units of activity depreciation allocmes the cost of the asset equally diver the expected productive capacity