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Question
interline trucking purchased a tractor trailer for $98,000. interline 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 $14,000. if the truck is driven 80,000 miles in its first year, how much depreciation expense should interline record?
a.$6,222
b.$7,840
c.$6,720
d.$7,259
Answer
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