A truck acquired at a cost of $380,000 has an estimated residual value of $19,200,...
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Accounting
A truck acquired at a cost of $380,000 has an estimated residual value of $19,200, has an estimated useful life of 44,000 miles, and was driven 3,100 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places
The depreciable cost
The depreciation rate
The units of activity depreciation for the year
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