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please answer fast Requirements Using the units-of-production method of depreciation (with miles as the production unit), calculate the following amounts for the car for each
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Requirements Using the units-of-production method of depreciation (with miles as the production unit), calculate the following amounts for the car for each of the four years of its expected life (do not round here; use three decimal places for the depreciation cos per mile) a. Depreciation expense b. Accumulated depreciation balance c. Book value Dazzle Company purchased a new car for use in its business on January 1,2017 . It paid $21,000 for the car. Dazzle expects the car to have a useful life of four years with an estimated residual value of zero. Dazzle expects to drive the car 70,000 miles during 2017, 65,000 miles during 2018, 60,000 miles in 2019, and 5,000 miles in 2020, for total expected miles of 200,000 Read the requirements. (Complete all answer boxes. Enter a "0" for any zero values.) Step by Step Solution
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