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Units - of - activity depreciation A truck acquired at a cost of $ 6 0 , 0 0 0 has an estimated residual value
Unitsofactivity depreciation
A truck acquired at a cost of $ has an estimated residual value of $ has an estimated useful life of miles, and was driven miles during the year. Determine the following. If required, round your answer for the depreciation rate to decimal places.
a The depreciable cost
b The depreciation rate $
$ per mile
c The unitsofactivity depreciation for the year
s
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