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Calculate the depreciation expense

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Question - The Likert Company is a coal company based in West Virginia. The company recently purchased a new coal truck for $57,000. The truck had an expected useful life of 200,000 miles and an expected salvage value of $7,000.

Calculate the depreciation expense using the units-of-production method assuming the truck travelled 40,000 miles on company business during the year?

Reference no: EM132593057

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