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To meet increased sales, a large grainery is planning to purchase 2 new dump trucks....

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Accounting

To meet increased sales, a large grainery is planning to purchase 2 new dump trucks. Each dump truck will cost $45,000. The salvage value for each truck is $5,000. Total miles over the trucks useful life is 160,000. Using the units-of-production method, how much is the depreciation for each truck in year 1 when the trucks were driven 14,000 miles?

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