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ABC Company purchased a truck for $32,000 on July 1, 2015. The truck has an...

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Accounting

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ABC Company purchased a truck for $32,000 on July 1, 2015. The truck has an estimated residual value of $2,000, An estimated life expectancy of 5 years, and it is estimated that the truck will travel 300,000 km. If 50,000 km are driven in 2015, what amount of depreciation expense would ABC Company record at Dec 31, 2015, if the company uses the double-diminishing balance method? a. $12,000 O b. $6,400 O c. $6,000 O d. $12,800

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