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Kingbird, Inc. purchased a tractor trailer for $137000. Kingbird uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1000000 miles

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Kingbird, Inc. purchased a tractor trailer for $137000. Kingbird uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1000000 miles over its 10 -year useful life. Salvage value is estimated to be $15000. If the truck is driven 50000 miles in its first year, how much depreciation expense should Kingbird record? $6850 $12588. $5353. $6100

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