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us Brief Exercise 230 Iverson Company purchased a delivery truck for $45,000 on January 1, 2020. The truck was assigned an estimated useful life of
us Brief Exercise 230 Iverson Company purchased a delivery truck for $45,000 on January 1, 2020. The truck was assigned an estimated useful life of 100,000 miles and has a residual value of $10,000. The truck was driven 18,000 miles in 2020 and 22,000 miles in 2021. Compute depreciation expense using the units-of-activity method for the years 2020 and 2021 Depreciation expense for 2020 Depreciation expense for 2021 Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used
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