5 pts Best Construction purchased a delivery truck on June 1,2021. The following information is available Cost $90,000 Estimated service life 5 years Estimated residual value $15,000 Calculate depreciation expense for the year ended December 31, 2022, using straight-line depreciation. $15,000. $8,750. $18,000. $6,250. 5 pts A company has the following inventory information for the year January 1 Beginning inventory 100 units @$10 March 15 Purchased 500 units@$12 September 20 Purchased 800 units @ $15 Total sales for the year 1,200 units The company reports cost of goods sold of $16,000. Which inventory cost method is the company using? LIFO. The answer cannot be determined with the information given. FIFO Weighted-average