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On January 1, Year 1, Karev Company paid $30,360 cash to purchase a truck. Karev planned to drive the truck for 100,000 miles and then

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On January 1, Year 1, Karev Company paid $30,360 cash to purchase a truck. Karev planned to drive the truck for 100,000 miles and then to sell it. The truck was expected to have an $4,400 salvage value The truck was actually driven 35,000 miles during Year 1 40,000 miles during Year 2 20,000 miles during Year 3 10,000 miles during Year 4 if Karev uses the units-of-production method, the amount of depreciation expense recognized on the Year 2 Income statement is $ DO NOT ROUND until you get to the final

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