A vehicle purchased for $160,000 has an estimated useful life of ten years and a...
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Accounting
A vehicle purchased for $160,000 has an estimated useful life of ten years and a residual value of $8,000. It is expected to be driven 180,000 kilometers over its useful life. The asset was driven 50,000 kilometers in the first year and 65,000 kilometers in the second year. The company uses the units of production method, c) Depreciation for the second year = $_____________________________.
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