A truck costs $316,000 and is expected to be driven 116,000 miles during its five-year life. Residual value is expected to be zero. If the truck is driven 27,000 miles during the first year, how much depreciation should the business record under the units-of-production method? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $98,600
B) $24,480
C) $73,440
D) $44,440
C) $73,440
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