Fernandez Corporation purchased a truck at the beginning of 2014 for $50,000. The truck is...
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Fernandez Corporation purchased a truck at the beginning of 2014 for $50,000. The truck is estimated to have a salvage value of $2,000 and a useful life of 160,000 miles. It was driven 23,000 miles in 2014 and 31,000 miles in 2015.
Compute depreciation expense for 2014 and 2015.
Depreciation expense for 2014 $
Depreciation expense for 2015 $
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