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Linton Company purchased a delivery truck for $26,000 on January 1, 2017. The truck has an expected salvage value of $1,300, and is expected to
Linton Company purchased a delivery truck for $26,000 on January 1, 2017. The truck has an expected salvage value of $1,300, and is expected to be driven 101,000 miles over its estimated useful life of 5 years. Actual miles driven were 13,300 in 2017 and 10,900 in 2018.
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(a1) Your answer is correct. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense 0.24l per mileStep by Step Solution
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