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Exercise 9.7 Corp. bought a truck for $34,000 on JAN 01, 2022. Truck's salvage value is estimated at $2,000. Estimated life = 8 years

Exercise 9.7 Corp. bought a truck for $34,000 on JAN 01, 2022. Truck's salvage value is estimated at $2,000. Estimated life = 8 years or 100,000 miles. Actual miles driven were 15,000 in 2022 and 12,000 in 2023. Instructions Compute depreciation expense for 2022 and 2023 using (1) the straight-line method,

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