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Question
danford trucking purchased a tractor trailer for $147,000. danford uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1,000,000 miles over its 12-year useful life. salvage value is estimated to be $21,000. if the truck is driven 80,000 miles in its first year, how much depreciation expense should danford record?
a.$9,333
b.$11,760
c.$10,080
d.$10,889
Answer
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