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Determine the depreciable cost

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Reference no: EM132682029

Problem - Units-of-production depreciation

A truck acquired at a cost of $150,000 has an estimated residual value of $40,000, has an estimated useful life of 400,000 miles, and was driven 80,000 miles during the year.

(a) Determine the depreciable cost.

(b) Determine the depreciation rate.

(c) Determine the units-of-production depreciation for the year.

Reference no: EM132682029

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