Multiple Choice
Xit Company bought a new delivery truck.The manufacturer says that the truck should last for ten years and 120,000 miles.Xit plans to use the truck for 4 years,during which it will be driven 50,000 miles.What is the useful life of the truck for straight-line depreciation purposes?
A) 50,000 miles
B) 10 years
C) 4 years
D) 120,000 miles
Correct Answer:
Verified
Correct Answer:
Verified
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