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ABC Co purchased a vehicle in 2023 costing $80,000. The equipment has no salvage value and a 200,000 mile useful life. ABC uses the units

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ABC Co purchased a vehicle in 2023 costing $80,000. The equipment has no salvage value and a 200,000 mile useful life. ABC uses the units of production method of depreciation. In the first month of operation the vehicle is driven 2,500 miles. What is the depreciation expense for the month? ABC Co purchased a vehicle in 2023 costing $80,000. The equipment has no salvage value and a 200,000 mile useful life. ABC uses the units of production method of depreciation. The vehicle has now been driven 190,000 miles and the company sells the vehicle for $12,000 cash. What is the gain, if any, on the sale? ABC Co purchased a vehicle in 2023 costing $80,000. The equipment has no salvage value and a 200,000 mile useful life. ABC uses the units of production method of depreciation. The vehicle has now been driven 250,000 miles and the company sells the vehicle for $2,000 cash. What is the gain, if any, on the sale

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