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02-11-2022
Business

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dinkins company purchased a truck that cost $72,000. the company expected to drive the truck 100,000 miles over its 5-year useful life, and the truck had an estimated salvage value of $11,000. if the truck is driven 32,000 miles in the current accounting period, what would be the amount of depreciation expense for the year using the units-of-production method?

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