Fernandez Corporation purchased a truck at the beginning of 2014 for $50,000. The truck is estimated to have a salvage value of
$2,000 and a useful life of 160,000 miles. It was driven 23,000 miles in 2014 and 31,000 miles in 2015.
Compute depreciation expense for 2014 and 2015 using units of production method.
Compute depreciation expense for 2014 and 2015 using units of production method.
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