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Fernandez corporation purchased a truck at the beginning of

Question - Fernandez Corporation purchased a truck at the beginning of 2014 for $87,500. The truck is estimated to have a salvage value of $3,500 and a useful life of 280,000 miles. It was driven 40,250 miles in 2014 and 54,250 miles in 2015.

Compute depreciation expense for 2014 and 2015.

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Accounting Basics: Fernandez corporation purchased a truck at the beginning of

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