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CraneCompany purchased a delivery truck for $48,000on July 1, 2022. The truck has an expected salvage value of $6,000, and is expected to be driven100,000miles

CraneCompany purchased a delivery truck for $48,000on July 1, 2022. The truck has an expected salvage value of $6,000, and is expected to be driven100,000miles over its estimated useful life of8years. Actual miles driven were15,000in 2022 and12,000in 2023.Craneuses the straight-line method of depreciation.

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