Business

Ashtyn Bass

22 January, 17:47

Grimwood trucking purchased a tractor trailer for $147,000. grimwood uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1,000,000 miles over its 12-year useful life. salvage value is estimated to be $21,000. if the truck is driven 90,000 miles in its first year, how much depreciation expense should grimwood record?

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