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A truck costs $316,000 and is expected to be driven 116,000 miles during its five-year life.Residual value is expected to be zero.If the truck is driven 27,000 miles during the first year,how much depreciation should the business record under the units-of-production method? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)
Hydrogen
The lightest and most abundant chemical element in the universe, consisting of just one proton and one electron.
Amphibians
A group of cold-blooded vertebrates characterized by their ability to live both in water and on land, undergoing metamorphosis from a larval stage to an adult.
Carboniferous
A geologic period and system that extends from the end of the Devonian Period, about 359.2 million years ago, to the beginning of the Permian Period, about 299 million years ago.
Reptiles
Cold-blooded vertebrates that breathe air, usually lay eggs, and have scales covering their bodies, including snakes, lizards, crocodiles, and turtles.
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