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Business, 06.04.2021 02:10 RealGibbon857

The Likert Company is a coal company based in West Virginia. The company recently purchased a new coal truck for $51,000. The truck had an expected useful life of 200,000 miles and an expected salvage value of $3,000. Calculate the depreciation expense using the units-of-production method assuming the truck travelled 30,000 miles on company business during the year.

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