If Leo Stone depreciated his truck by the units-of-production method, calculate the first years depreciation based on

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If Leo Stone depreciated his truck by the units-of-production method, calculate the first year’s depreciation based on the following:

Cost

$4,840

Residual value

$1,600

Estimated mileage

54,000


The truck was driven 7,000 miles in year 1.

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Related Book For  answer-question

College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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