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Cullumber Company purchased a delivery truck for $48,000 on July 1,2022 . The truck has an expected salvage value of $10,000, and is expected to
Cullumber Company purchased a delivery truck for $48,000 on July 1,2022 . The truck has an expected salvage value of $10,000, 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. Cullumber uses the straight-line method of depreciation. (a) Compute depreciation expense for 2022 and 2023. eTextbook and Media List of Accounts Attempts: unlimited (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) e parts of this question must be completed in order. This part will be available when you complete the part above
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