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Dickinson Company Owns a Delivery Truck That Costs $108,000, Has

Question 117

Multiple Choice

Dickinson Company owns a delivery truck that costs $108,000, has an estimated salvage value of $8,000, and will provide 200,000 miles of use before retirement.If the truck operates 24,000 miles in a given year, the straight-line (use) depreciation charge is


A) $6,000
B) $12,000
C) $12,960
D) $24,000
E) $0

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