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Fernandez Corporation purchased a truck at the beginning of 2014 for $106, 500. The truck is estimated to have a salvage value of $6, 500
Fernandez Corporation purchased a truck at the beginning of 2014 for $106, 500. The truck is estimated to have a salvage value of $6, 500 and a useful life of 244, 800 miles. It was driven 45, 190 miles in 2014 and 37, 430 miles in 2015. Compute depreciation expense for 2014 and 2015 using the units of production method. Depreciation expense for 2014 $ Depreciation expense for 2015 $
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