On January 1, 2016, Clementine Company purchased a new truck for $29,400. Its estimated useful life is seven years or 200,000 miles. The truck's expected salvage value is $1,400. During 2016, the truck was driven 20,000 miles. Assuming units-of-production depreciation, 2016 depreciation expense is:
What will be an ideal response?
$2,800
Business
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