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Linton Company purchased a delivery truck for $34,000 on July 1,2025 , The truck has an expected salvage value of $2,000, and is expected to

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Linton Company purchased a delivery truck for $34,000 on July 1,2025 , The truck has an expected salvage value of $2,000, and is expected to be driven 100,000 miles over its estimated useft life of 8 years. Actual miles driven were 15,000 in 2025 and 12,000 in 2026. Linton uses the straight-line method of depreciation. (a) Your answer is correct. Compute depreciation expense for 2025 and 2026 . Show how the truck would be reported in the December 31,2026 , balance sheet

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