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on January 1, Luke Denton co. purchased a truck for $125,000 which has an estimated productive life of 100,000 miles. its residual value is $12,500.
on January 1, Luke Denton co. purchased a truck for $125,000 which has an estimated productive life of 100,000 miles. its residual value is $12,500. during the first full year of its useful life, the company drove the truck 25,000 miles. its depreciation expense for the year using the units of production method is
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