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Bonita Industries purchased a truck at the beginning of 2020 for $110000. The truck is estimated to have a salvage value of $4200 and a

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Bonita Industries purchased a truck at the beginning of 2020 for $110000. The truck is estimated to have a salvage value of $4200 and a useful life of 116000 miles. It was driven 18000 miles in 2020 and 26000 miles in 2021. What is the depreciation expense for 2021? (Round Intermediate calculations to 3 decimal places, e.g. 0.245.) $7053 $25597 $23712 $40128

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