Question
crane corporation purchased a truck at the beginning of 2025 for $109,400. The truck is estimated to have a salvage value of $400 and a
crane corporation purchased a truck at the beginning of 2025 for $109,400. The truck is estimated to have a salvage value of $400 and a useful life of $119,000 miles. It was driven 22,000 miles in 2025 and 30,000 in 2026. Depreciation expense for 2025 is
$45,864
$19404
$21039
$26460
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
