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Question 1 (1 point) Our company bought a car on January 1, 2022 for $62,000. The expected useful life is 150,000 miles and 10 years.
Question 1 (1 point) Our company bought a car on January 1, 2022 for $62,000. The expected useful life is 150,000 miles and 10 years. Its salvage value is estimated to be $2,000. We use the units of production method of calculating depreciation and drove the car 12,000 miles in 2022. What is the depreciation expense for 2022? $6,000 $4,800 $6,200 $12,400
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