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Sunland Corporation purchased a truck at the beginning of 2020 for $56,500. The truck is estimated to have a salvage value of $2,260and a useful
Sunland Corporation purchased a truck at the beginning of 2020 for $56,500. The truck is estimated to have a salvage value of $2,260and a useful life of180,800miles. It was driven25,990miles in 2020 and35,030miles in 2021.
Compute depreciation expense using the units-of-production method for 2020 and 2021.
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