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A truck acquired at a cost of

01/05/2021 Client: muhammad11 Deadline: 2 Day

A truck acquired at a cost of $80,000 has an estimated residual value of $8,000, has an estimated useful life of 200,000 miles, and was driven 18,000 miles during the year. Determine

(a) The depreciable cost,

(b) The depreciation rate, and

(c) The units-of-activity depreciation for the year.

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