Question: Andeo Corporation purchased a truck at the beginning of 2014
Andeo Corporation purchased a truck at the beginning of 2014 for $48,000. The truck is estimated to have a residual value of $3,000 and a useful life of 275,000 km. It was driven for $2,000 km in 2014 and 65,000 km in 2015. Calculate depreciation expense for 2014 and 2015 using the units of production method.
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