Multiple Choice
A truck costs $8,000 with a residual value of $1,000. The truck is expected to have a useful life of 70,000 miles. Assuming the truck is driven 15,000 miles the first year, the depreciation expense would be:
A) $1,714
B) $1,500
C) $1,174
D) $1,505
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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