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A vehicle purchased for $50,000 has an estimated useful life of five years and a residual value of $3,800. It is expected to be driven
A vehicle purchased for $50,000 has an estimated useful life of five years and a residual value of $3,800. It is expected to be driven 210,000 kilometres over its useful life. The asset was driven 45,000 kilometres in the second year. Required: Calculate the depreciation for the second year, using the units of production method
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