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The Fork River Company is a coal company based in West Virginia. The company recently purchased a new coal truck for $45,000. The truck had
The Fork River Company is a coal company based in West Virginia. The company recently purchased a new coal truck for $45,000. The truck had an expected useful life of 200,000 miles and an expected salvage value of $3,000. What is the depreciation expense using the units-of-production method assuming the truck travelled 40,000 miles on company business during the year?
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