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Crane Corporation purchased a truck at the beginning of 2025 for $110500. The truck is...

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Accounting

Crane Corporation purchased a truck at the beginning of 2025 for $110500. The truck is estimated to have a salvage value of $4900 and a useful life of 123000 miles. It was driven 18000 miles in 2025 and 26000 miles in 2026. Depreciation expense for 2026 is (Round intermediate calculations to 3 decimal places, e.g. 0.245 and final answer to 0 decimal places, e.g. 1,525.)

$7040.

$37796.

$22334.

$24393.

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