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Ivanhoe Corporation purchased a truck at the beginning of 2025 for $108500. The truck is estimated to have a salvage value of $4900 and a
Ivanhoe Corporation purchased a truck at the beginning of 2025 for $108500. The truck is estimated to have a salvage value of $4900 and a useful life of 122000 miles. It was driven 19000 miles in 2025 and 27000 miles in 2026. Depreciation expense for 2026 is (Round intermediate calculotions to 3 decimal ploces, eg 0.245 and final answer to decimal ploces, eg. 1,525.) $22923.$39054.$25097.$6907
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