Danford trucking purchased a tractor trailer for 147000, Ask an Expert

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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 90,000 miles in its first year, how much depreciation expense should Danford record?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9952177

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