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John Deer purchased a tractor trailer for $146000. John Deer uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1000000
John Deer purchased a tractor trailer for $146000. John Deer uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1000000 miles over its 10-year useful life. Salvage value is estimated to be $18000. If the truck is driven 56000 miles in its first year, how much depreciation expense should John Deer record?
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