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Information for questions 1-4: On January 1, Town Spa Pizza purchased a delivery truck for $36,000. The truck has an estimated useful life of 10

Information for questions 1-4: On January 1, Town Spa Pizza purchased a delivery truck for $36,000. The truck has an estimated useful life of 10 years or 140,000 miles and an estimated residual value of $8,000. Town Spa's fiscal year is the calendar year. Assume the truck was purchased on September 20. The depreciation expense for calendar year 2 of use, using the double-declining balance method, would be: a.$4,750 c.$3,656 b. $6,840d. $5,320

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