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A company purchased a new truck at a cost of $52,800 on July 1, 2014. The truck is estimated to have a useful life of

A company purchased a new truck at a cost of $52,800 on July 1, 2014. The truck is estimated to have a useful life of 6 years and a salvage value of $8,400. Using the straight-line method, how much depreciation expense will be recorded for the truck for the year ended December 31, 2014? Multiple Choice $7,400 $8,800 $5.800 $4,400 $3,700

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