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On January 1, Year 1, Friedman Company purchased a truck that cost $35,000. The truck had an expected useful life of 200,000 miles over 8
On January 1, Year 1, Friedman Company purchased a truck that cost $35,000. The truck had an expected useful life of 200,000 miles over 8 years and a $7.000 salvage value. During Year 2, Friedman drove the truck 33,000 miles. The company uses the units-of-production method. The amount of depreciation expense recognized in Year 2 is: (Do not round Intermediate calculations.) Multiple Choice O $5,775 $4,375 O $3,500
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