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FedEx purchased a moving truck for $50,000. It is estimated that its expected total mileage is 100,000 miles, and the salvage value is $5,000. In
FedEx purchased a moving truck for $50,000. It is estimated that its expected total mileage is 100,000 miles, and the salvage value is $5,000. In the first year the actual mileage is 50,000 miles. What is the depreciation expense in the first year if FedEx uses units of production method?
choices:
$12,500 | |
$15,500 | |
$22,500 | |
$9,000 |
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