Multiple Choice
Only Organics has a delivery truck that was purchased for $42,000 and has a salvage value of $5,000.It expects the truck to last 125,000 miles.During Year 1,the truck traveled 32,500 miles and during Year 2,the truck traveled 28,500 miles.What is the depreciation expense for Year 2 to the nearest dollar using the units-of-production method? (Round to three decimal places to get the unit rate. )
A) $10,920
B) $9,620
C) $9,576
D) $8,436
Correct Answer:
Verified
Correct Answer:
Verified
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