Depreciation expense for autos and trucks was:

The XYZ Corp began business during the year $1986.$ The following information was made available from the Corporation$$s records on Dec $31,1986.$

Cash receipts to $12/31/86$

Cash received on sales during the year $50,000$

Cash received as scrap value of dismantled building $1,450$

Cash disbursements $12/31/86$

Merchandise purchased $50,000$

Paid to trade creditors $20,000$

Cash paid on autos$/$trucks purchased $7/1/8615,000$

Furniture$/$fixtures purchased $6/1/865,400$

Purchase of land $50,000$

Cost of dismantling building on above land $5,000$

Salaries $9,000$

Real estate taxes $2,000$

Light and heat $800$

Prepaid insurance $1,000$

Office expense $500$

Maintenance office equipment $500$

Office supplies $100$

General information

Due to trade creditors at $12/31/8680,000$

Inventory at $12/31/8615,000$

Due to trade customers at $12/31/86125,000$

A $6\%$ note of $$20,0007/1/86,$ and due $6/30/87$ was given as part payment for autos and trucks. Autos$/$trucks are estimated to have a useful life of $4$ years and salvage value of $5000.$ Depreciation is computed on straight line basis.