Multiple Choice
On January 1, 2013, Fritz Company purchased a truck that cost $38,000. The truck had an expected useful life of 100,000 miles over 8 years and an $8,000 salvage value. During 2014, Fritz drove the truck 18,500 miles. The amount of depreciation expense recognized in 2014 assuming that Fritz uses the units of production method is:
A) $5,550.
B) $7,030.
C) $3,750.
D) $4,750.
Correct Answer:
Verified
Correct Answer:
Verified
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