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A company uses the units-of-output method of computing depreciation on its fleet of cars. A car that costs $44,800 is expected to have a useful life of 85,000 miles and an expected salvage value of $4,000. The rate for each mile is-------------- .
Unconditional Promise
A commitment or guarantee that is not subject to any conditions or contingencies.
Time Certain
A specific, agreed-upon moment or period in which something is to occur or be completed, often used in contracts and scheduling.
Assumed Name
An assumed name, also known as a trade name or "doing business as" (DBA), is a name a business uses that is different from its legal, registered name.
Device
A piece of equipment designed for a particular purpose, often electronic in nature.
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