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if a company purchased a tractor trailer for $98,000. the company uses the units-of-activity method for depreciating it's trucks & expects to drive the truck 1,000,000 miles over it's 12 years useful life. Salvage value is estimated to be $14,000. if the truck is driven 90,000 miles in it's first year, how much depreciation expense should the company record?

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Accounting Basics, Accounting

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