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On January 1, 2016, Friedman Company purchased a truck that cost $32,000. The truck had an expected useful life of 200,000 miles over 8 years
On January 1, 2016, Friedman Company purchased a truck that cost $32,000. The truck had an expected useful life of 200,000 miles over 8 years and an $7,000 salvage value. During 2017, Friedman drove the truck 35,000 miles. The amount of depreciation expense recognized in 2017 assuming that Friedman uses the units of production method is (Do not round intermediate calculations.) O $4,375. $5,600 $3,125. $4,000
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