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Crane Company purchased a delivery truck for $ 4 8 , 0 0 0 on July 1 , 2 0 2 5 . The truck

Crane Company purchased a delivery truck for $48,000 on July 1,2025. The truck has an expected salvage value of $6,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2025 and 12,000 in 2026. Crane uses the straight-line method of depreciation.
(a)
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Compute depreciation expense for 2025 and 2026.
\table[[,2025,2026],[Depreciation Expense,$,]]
Prepare the journal entry to record 2025 deprecitation
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