Ivanhoe Company purchased a delivery truck for $32,000 on July 1, 2022. The truck has an expected salvage value of $10,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2022 and 12,000 in 2023. Ivanhoe uses the straight-line method of depreciation (a) * Your answer is incorrect Compute depreciation expense for 2022 and 2023, Depreciation Expense 2022 2023 Straight-line method $ 3750 5 3750