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ABC Trucking purchased a tractor - trailer for $ 1 4 7 , 0 0 0 and uses the units - of - activity method

ABC Trucking purchased a tractor-trailer for $147,000 and uses the units-of-activity method for depreciation, expecting to drive the truck 1,000,000 miles over its 12-year useful life. Salvage value is estimated at $21,000. If the truck is driven 80,000 miles in its first year, calculate the depreciation expense for that year.
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