Teal Mountain Inc. purchased a tractor trailer for $143000. Teal Mountain uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1000000 miles over its 12-year useful life. Salvage value is estimated to be $15000. If the truck is driven 78000 miles in its first year, how much depreciation expense should Teal Mountain record
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Home » Business » Teal Mountain Inc. purchased a tractor trailer for $143000. Teal Mountain uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1000000 miles over its 12-year useful life.