On April 1, 2020 ABC purchased a truck for $350,000 with the expected useful life...
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Accounting
On April 1, 2020 ABC purchased a truck for $350,000 with the expected useful life of 8 years or 300,000 km. Estimated residual value end of the useful life time is 45,000. During 2020, 89,000 km has been driven on this truck. What is depreciation expense for 2020 if ABC uses Units-of-Production method? Select one: a. $90,833.33 b. $90,833.00 c. $90,483.33 d. $103,833.00
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