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Units - of - activity Depreciation A truck acquired at a cost of $ 1 1 5 , 0 0 0 has an estimated residual

Units-of-activity Depreciation
A truck acquired at a cost of $115,000 has an estimated residual value of $7,750, has an estimated useful life of 33,000 miles, and was driven 2,300 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places.

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