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What is the depreciation expense

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Problem - Kaven Corporation purchased a truck at the beginning of 2020 for $75,000 that will be depreciated using the units-of-production method. The truck is estimated to have a residual value of $3,000, useful life of 4 years and estimated to produce 120,000 miles. It was driven 32,000 miles in 2020. What is the depreciation expense for 2020?

Reference no: EM132896740

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