Draper Company purchased a truck that cost $36,000. The company expected to drive the truck...
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Accounting
Draper Company purchased a truck that cost $36,000. The company expected to drive the truck 100,000 miles over its 5-year useful life, and the truck had an estimated salvage value of $2,000. If the truck is driven 36,000 miles in the current accounting period, what would be the amount of depreciation expense for the year?
$12,240.
$7,200.
$6,800.
$12,960.
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