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Units-of-actlvity Depreclation A truck acquired at a cost of $365,000 has an estimated residual value of $20,350, has an estimated useful life of 61,000 miles,
Units-of-actlvity Depreclation A truck acquired at a cost of $365,000 has an estimated residual value of $20,350, has an estimated useful life of 61,000 miles, and was driven 6,100 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places (a) (b) (c) The depreclable cost The depreclation rate The units-of-activity depreciation for the year per mile
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