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what is this answer? Crestview Estates purchased a tractor on January 1, for $65,000. The tractor's service life is estimated to be 30,000 miles and
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Crestview Estates purchased a tractor on January 1, for $65,000. The tractor's service life is estimated to be 30,000 miles and has a residual value of $5,000. If Crestview used the tractor 5,000 miles in year 1 and 3,000 miles in year 2. What is the accumulated depreciation amount at the end of year 2 using the activity-based method? $10,000 $16,000 $6,000 O $38,000Step by Step Solution
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