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Novak Corporation purchased a truck at the beginning of 2017 for $52,500. The truck is estimated to have a salvage value of $2,100 and a
Novak Corporation purchased a truck at the beginning of 2017 for $52,500. The truck is estimated to have a salvage value of $2,100 and a useful life of 168,000 miles. It was driven 24,150 miles in 2017 and 32,550 miles in 2018. Compute depreciation expense for 2017 and 2018.
2017
2018
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