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Question - Information for questions 1-4: On January 1, Town Spa Pizza purchased a delivery truck for $36,000. The truck has an estimated useful life of 10 years or 140,000 miles and an estimated residual value of $8,000. Town Spa's fiscal year is the calendar year. Calculate the depreciation expense for the year, using the production method. Assume 22,000 miles were driven this year.
a. $4,400
b. $5,657
c. $2,800
d. $3,600
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