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XYZ company uses the activity (units-of-production) method to depreciate long-term assets. The company owns a...

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Accounting

XYZ company uses the activity (units-of-production) method to depreciate long-term assets. The company owns a truck that cost $48,000. The truck is estimated to have a salvage value of $4,000 abd a useful life of 200,000 miles. How much depreciation expense would be reported on the XYZ Company's income statement in a year in which the truck is driven 50,000 miles?

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