On January 1, 2019, Clemente Company purchased a new truck for $14,700. Its estimated useful life is seven years or 200,000 miles. The truck's expected salvage value is $700. During 2019, the truck was driven 20,000 miles.
Assuming units-of-production depreciation, 2019 depreciation expense is:
A) $1,764
B) $2,100
C) $1,400
D) $2,000
E) None of the above
Correct Answer:
Verified
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