Multiple Choice
On January 1,Charlie Co.purchased a truck for $50,000 which has an estimated productive life of 100,000 miles.Its residual value is $5,000.During the first full year of its useful life,the company drove the truck 25,000 miles.Its depreciation expense for the year using the units of production method is:
A) $ 9,000.
B) $10,000.
C) $11,250.
D) $12,500.
Correct Answer:
Verified
Correct Answer:
Verified
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