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Posted on Jul 30, 2024

Iverson Company purchased a delivery truck for $ 4 5 , 0 0 0 on January 1 , 2 0 1 4 . The truck

Iverson Company purchased a delivery truck for $

45, 000

on January

1, 2014 .

The truck was assigned an estimated useful life of

100, 000

miles over its

5 -

year life and has a salvage value of $

10, 000 .

What is the depreciable cost of the truck?

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