A truck acquired at a cost of $69,000 has an estimated residual value of $12,000, has an estimated useful life of 300,000 miles, and was driven 77,000 miles during the year. Determine the following. If required, round your answer for the depreciation rate to 2 decimal places.
(a) The depreciable cost $
(b) The depreciation rate $ per mile
(c) The units-of-activity depreciation for the year $
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