Oriole Trucking purchased a tractor trailer for $141000. Oriole uses the units-of-activity method for depreciating its...

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Oriole Trucking purchased a tractor trailer for $141000. Oriole uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1000000 miles over its 10-year useful life. Salvage value is estimated to be $25000. If the truck is driven 56000 miles in its first year, how much depreciation expense should Oriole record? Oriole Trucking purchased a tractor trailer for $141000. Oriole uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1000000 miles over its 10-year useful life. Salvage value is estimated to be $25000. If the truck is driven 56000 miles in its first year, how much depreciation expense should Oriole record?

Answer rating: 100% (QA)

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