Deliveries-R-Us purchase a new delivery truck at a cost of $45,000 on July 1 the delivery truck is estimated to have a useful life of six years in a salvage value of $3000. The company uses the straight-line method of depreciation how much depreciation expense will be recorded for the truck during the first year ended December 3?

Deliveries-R-Us purchased a new delivery truck at a cost of $45,000 on July 1. The delivery truck is estimated to have a useful life of 6 years and a salvage value of $3,000. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the truck during the first year ended December 31? $6,500. $7,000. $3,250. $3,500. $4,000. Question 13 (2 points) Interim financial statements refer to financial reports: That cover less than one year, usually spanning one, three, or six-month periods. Where revenues are reported on the income statement when cash is received and expenses are reported when cash is paid. BI 2 FB F8 10 F11 # * 3 4 % 5 & 7 ( 9 6 8 0 E R T Y U o P