Dinkins Company purchased a truck that cost $69,000. The company expected to drive the truck 100,000 miles over its 5-year useful life, and the truck had an estimated salvage value of $10,500. If the truck is driven 31,500 miles in the current accounting period, what would be the amount of depreciation expense for the year using the units-of-production method? (Do not round intermediate calculations.)

rev: 10_23_2020_QC_CS-234153

Multiple Choice

• $11,700.

• $21,735.

• $27,600.

• $18,428.