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Cullumber Corporation purchased a truck at the beginning of 2025 for $109500. The truck is estimated to have a salvage value of $5100 and
Cullumber Corporation purchased a truck at the beginning of 2025 for $109500. The truck is estimated to have a salvage value of $5100 and a useful life of 118000 miles. It was driven 23000 miles in 2025 and 31000 miles in 2026. Depreciation expense for 2026 is (Round intermediate calculations to 3 decimal places, e.g. 0.245 and final answer to O decimal places, e.g. 1,525.) O $30107. O $27435. O $6960. O $47790.
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