Multiple Choice
A company purchased a van at a cost of $42,000 and expects its salvage value to be $6,000 after 120,000 miles of service.Using the units-of-production method,what is the first year's depreciation if the van is driven 24,000 miles?
A) $1,200
B) $4,200
C) $7,200
D) $12,000
Correct Answer:
Verified
Correct Answer:
Verified
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