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Ivanhoe Corporation purchased a truck at the beginning of 2 0 2 5 for $ 1 0 9 6 0 0 . The truck is

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Ivanhoe Corporation purchased a truck at the beginning of 2025 for $109600. The truck is estimated to have a salvage value of $34 and a useful life of 118000 miles. It was driven 22000 miles in 2025 and 30000 miles in 2026. Depreciation expense for 2026 is (Round intermediate calculations to 3 decimal ploces, e.g.0.245 and final answer to 0 decimal places, e.g.1,525.)
$28729
$46800
$27000
$7080
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