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What is the value of accumulated depreciation

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Reference no: EM132754021

Question - ABC ?rm has a truck purchased 2 years ago at 175,000. The estimated residual value is $25,000. ABC drove 15,000 miles in the ?rst year and 22,000 miles in the second year. It is estimated the truck has an estimated life of 300,000 miles. What is the value of accumulated depreciation in the second year using the activity-based method?

Reference no: EM132754021

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