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Car Express bought a delivery truck on January 15t 2020. The following are the details: Truck cost: $75,000 Residual Value: $5,000 Useful Life years 5
Car Express bought a delivery truck on January 15t 2020. The following are the details: Truck cost: $75,000 Residual Value: $5,000 Useful Life years 5 Estimate Useful Miles: 50.000 If Car Express uses the activity based method of depreciation and the truck is driven 10,000 miles in 2020 what is the amount of depreciation expense on December 31, 2020? O A $14,000 OB. 515.000 OC 512,000 $13,000 OD
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