A roofing company purchased a work truck for $29,000 on 1/1. The truck is expected...
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A roofing company purchased a work truck for $29,000 on 1/1. The truck is expected to have a 4 year life and last 100,000 miles with a salvage (residual) value of $8,000. The truck was driven 25,000 in year 1. If the company uses the activity based method to calculate depreciation expense, how much would the depreciation expense be for the first year of use? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123
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