lake a lest- Alexis plcorta osot toge mathul.com/Student/PlayerTest.aspx?testid-159297391¢erwin"yes Acct2301 Web Classes- Summer, 2017Alexis Alcorta& 7/10/17 9:54 PM Test: Quick Test -Chapter 08 Time Remaining: 00:53:26 Submit Test This Question: 2 pts 2012(2complote) This Test: 4 pts possible On March 31, 2016, Advanced Trucking purchased a used Kenworth truck at a cost of $45,000 Advanced Trucking expects to drive the truck for 5 years and to have a residual value of $5,000 Compute Advanced Trucking's depreciation expense on the truck for the year ended December 31, 2016, using the straight-ine method Start by determining the formula needed to calculate straight line depreciation on the truck through December 31, 2016 Straight-line depreciation Book value x l(1/ Useful ife in miles) x 2] x (Months use , 12 months) (Cost- Residual value)/ Useful life in mles] x Miles driven l(Cost- Residual value)/ Useful Me in years] x (Months in use /12 months) (Cost / Useful lde in years) x (Months in use / 12 months) Choose from any list or enter any number in the input fields and then continue to the next question OType here to search oe@@ e a