Compute the depreciation at the end of the first year

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Question - A company purchased a van at a cost of $42,000 and expects it can be sold for $6,000 after 120,000 miles of service. Assuming the units-of-production method is used and the van is driven for 24,000 miles during the first year, compute the depreciation at the end of the first year?

Reference no: EM132571828

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