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Determine the units-of-activity depreciation for the year

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Reference no: EM132694277

Problem - A truck acquired at a cost of $69,000 has an estimated residual value of $12,000, has an estimated useful life of 300,000 miles, and was driven 77,000 miles during the year.

(a) Determine the depreciable cost.

(b) Determine the depreciation rate.

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

Reference no: EM132694277

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