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Determine the depreciation rate per mile

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Reference no: EM133043507

Question - A truck acquired at a cost of $265,000 has an estimated residual value of $14,200, has an estimated useful life of 38,000 miles, and was driven 3,400 miles during the year.

Required -

(a) Determine the depreciable cost?

(b) Determine the depreciation rate per mile?

(c) Determine the units-of-activity depreciation for the year?

Reference no: EM133043507

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