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
B
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Although differences in the magnitude and timing of cash flows explain conflicting rankings under the NPV and IRR techniques, the underlying cause is the implicit assumption concerning the reinvestment of intermediate cash inflows
Indicate whether the statement is true or false
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