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Concord Corporation purchased a truck at the beginning of 2025 for $52,500. The truck is estimated to have a salvage value of $2,100 and a

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Concord Corporation purchased a truck at the beginning of 2025 for $52,500. The truck is estimated to have a salvage value of $2,100 and a useful life of 168,000 miles. It was driven 24,150 miles in 2025 and 32,550 miles in 2026 . Compute depreciation expense using the units-of-production method for 2025 and 2026

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