Question 6 (4 points) A delivery truck was purchased for $120,000 on January 1. It...
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Question 6 (4 points) A delivery truck was purchased for $120,000 on January 1. It was estimated to have a useful life of 10 years and 200.000 miles with a residual value of S10,000. During the first year, the truck was driven 18.700 miles. Calculate the depreciation expense for the first year, assuming the company uses the units-of-production method. Show your answer as a whole dollar amount
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