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Calculate the annual depreciation expense

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Question - Montello Inc. purchases a delivery truck for P15,000. The truck has a salvage value of P3,000 and is expected to be driven for 120,000 miles. Montello uses the units-of-production depreciation method and in year one it expects to use the truck for 23,000 miles. Calculate the annual depreciation expense.

Reference no: EM132949192

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