Question: eBook Show Me How Question Content Area Units-of-activity depreciation A truck acquired at a cost of $145,000 has an estimated residual value of $8,600, has

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Units-of-activity depreciation

A truck acquired at a cost of $145,000 has an estimated residual value of $8,600, has an estimated useful life of 44,000 miles, and was driven 4,000 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places.

Line Item Description	Amount
(a) The depreciable cost	$fill in the blank 1
(b) The depreciation rate	$fill in the blank 2 per mile
(c) The units-of-activity depreciation for the year	$fill in the blank 3

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