Gardner Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3,600 and a useful life of 120,000 miles. The truck was driven 18,000 miles in 2012 and 32,000 miles in 2013. What is the rate of depreciation each year? Multiple Choice $0.25 O $0.50 O $0.72 O $1.33 O None of the above