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On Febuary 2, 2020, Levin Co. purchased a truck costing $30,270. The truck has an estimated 7-year life and a $3,300 residual value. Levin uses
On Febuary 2, 2020, Levin Co. purchased a truck costing $30,270. The truck has an estimated 7-year life and a $3,300 residual value. Levin uses the units-of-production depreciation method and estimates that the truck can be driven for 93,000 miles. What is the truck's book value as of December 31, 2021 assuming Levin uses the units-of-production depreciation method and the truck was driven 11,700 miles during 2020 and 19,700 miles during 2021? (Do not round your intermediate calculations.) Multiple Choice $22.564. O O $17,864. O $21,164, O O $19,264
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