Hardwick Company purchased a truck that cost $53,000. The company expected to drive the truck 200,000 miles over its 5-year useful life, and the truck had an estimated salvage value of $3,000. If the truck is driven 30,000 miles in the current accounting period, what would be the amount of depreciation expense for the year? Multiple Choice $7,500 $10,000 $10,600 $12,000