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On January 1, Year 1, Marino Moving Company paid $59,000 cash to purchase a truck. Marino planned to drive the truck for 122,000 miles and
On January 1, Year 1, Marino Moving Company paid $59,000 cash to purchase a truck. Marino planned to drive the truck for 122,000 miles and then to self it. The truck was expected to have an $10,200 salvage value. The truck was actually driven 45,500 miles during Year 1;25,500 miles during Year 2: 40,500 miles during Year 3; and 15,500 miles during Year 4, If Marino uses the units-of-production method, the amount of depreciation expense recognized on the Yeat 4 income statement is: Multiple Choice $4,200. $6.200 $34.600 $45,500
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