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Compute the depreciation for the year

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Question - Harlow Manufacturing Corporation purchased a truck on Jan. 1 of the current yr. for $80000. The useful life was set at 5 years or 100000 hours. The salvage value was determined to be 5000. The truck was used 12000 miles in the current year. Compute the depreciation for the year using The Sum of the Year's Digit Method?

Reference no: EM133017758

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