Question
Vaughn Manufacturing purchased a truck at the beginning of 2020 for $109100. The truck is estimated to have a salvage value of $4100 and a
Vaughn Manufacturing purchased a truck at the beginning of 2020 for $109100. The truck is estimated to have a salvage value of $4100 and a useful life of 115000 miles. It was driven 24000 miles in 2020 and 32000 miles in 2021. What is the depreciation expense for 2020?
$21912
$29216
$51128
$23624
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
