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Q1LTUC Company purchased a delivery truck for $50.000 on January 1, 2016. The truck was assigned an estimated usehal life of 100,000 miles and has
Q1LTUC Company purchased a delivery truck for $50.000 on January 1, 2016. The truck was assigned an estimated usehal life of 100,000 miles and has a residual value of 510,000. The truck was driven 18,000 miles in 2016 and 22,000 miles in 2017. Compute depreciation expense using the units-of-activity method for the years 2016 and 2017
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