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On January 1, Year 1, Friedman Company purchased a truck that cost $43,000. The truck...

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Accounting

On January 1, Year 1, Friedman Company purchased a truck that cost $43,000. The truck had an expected useful life of 200,000 miles over 8 years and an $8,000 salvage value. During Year 2, Friedman drove the truck 21,000 miles. The amount of depreciation expense recognized in Year 2 assuming that Friedman uses the units-of-production method is: (Do not round intermediate calculations.)

Multiple Choice

$3,675.

$4,515.

$4,375.

$5,375.

Answer & Explanation Solved by verified expert
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