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Bramble Corporation purchased a truck at the beginning of 2022 for $53,000. The truck is estimated to have a residual value of $2,120 and a
Bramble Corporation purchased a truck at the beginning of 2022 for $53,000. The truck is estimated to have a residual value of $2,120 and a useful life of 169,600 miles. It was driven 24,380 miles in 2022 and 32,860 miles in 2023.
Compute depreciation expense for 2022 and 2023.
Depreciation expense for 2022 :
Depreciation expense for 2023 :
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