Chapter 9 Homework Question 4 of 8 Show Attempt History Crane Company purchased a delivery truck for $48,000 on July 1, 2022. The truck has an expected salvage value of $6,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2022 and 12,000 in 2023. Crane uses the straight-line method of depreciation. * Your answer is incorrect. Compute depreciation expense for 2022 and 2023. Straight-line method $ 2022 Depreciation Expense 5,250 $ 2023 0/12 4,666

Crane Company purchased a delivery truck for $48.000 on July 1.2022. The truck has an oxpected salvage value of $6,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles drihen were 15,000 in 2022 and 12,000 in 2023. Crane unes the straight-fine method of depreciation. (a)