If you bought a new truck for $40,000 for your auto parts delivery service, and...
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Accounting
If you bought a new truck for $40,000 for your auto parts delivery service, and you estimated that the truck would last you 200,000 miles with a salvage value of $4,000, what would be your depreciation expense for the first year in which you used the truck for 12,500 miles?
$2,250
$2,500
$2,000
$1,250
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