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On January 1, 2014, Paul Company purchased a delivery truck for $ 45,000. Management estimated the useful life to be 200,000 miles with a $
On January 1, 2014, Paul Company purchased a delivery truck for $ 45,000. Management estimated the useful life to be 200,000 miles with a $ 3,000 salvage value.
Calculate depreciation under the unit-of-production estimation techniques for 2017 (the fourth year) when total mileage was 42,000 miles.
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