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Marin Inc. purchased a tractor trailer for $152000. Marin uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1000000 miles over its 10-year useful life. Salvage value is estimated to be $22000. If the truck is driven 58000 miles in its first year, how much depreciation expense should Marin record?
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Marin Inc. purchased a tractor trailer for $152000. Marin uses the units-of-activity method for depr...
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