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A vehicle was purchased for the cost of $87,690. The vehicle was purchased on March 1. The company's fiscal year end is December 31. The

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A vehicle was purchased for the cost of $87,690. The vehicle was purchased on March 1. The company's fiscal year end is December 31. The vehicle is estimated to have an eight-year life and a $4,560 residual value. Based on experience, a vehicle can be driven for an average of 365,000 kilometers before replacement. The vehicle was driven for 28,569 kilometers during the year of purchase and 38,912 kilometers during the following year. The units-of-production method is used to depreciate the asset. Round the kilometer rate to 3 decimal places (e.g. if you calculate $0.2527 per KM, you MUST round that to $0.253 and utilize the rounded rate in your calculations). 1. Depreciation expense for the current year (nearest dollar without comma, e.g. 15000): Depreciation expense for the next year (nearest dollar without comma, e.g. 15000): 3. Equipment's carrying amount, next year ending balance sheet (nearest dollar without comma, e.g. 15000)

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