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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
Units-of-Production Method
A light truck is purchased on January 1 at a cost of $19,000. It is expected to serve for five years and have a salvage value of $1,000. It is expected to be used for 100,000 miles over its five-year useful life. Using the units-of-production method, calculate the depreciation expense for the first and third years of use if the truck is driven 18,000 miles in year 1 and 22,000 miles in year 3.
Depreciation Expense Year 1 $ Year 3 $
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