On January 1, Year 1. Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four-year useful life and an $8,000 salvage value. If Marino uses the straight-line method, the amount of accumulated depreciation shown on the Year 2 balance sheet is?

Depreciation Dillard Co. starts Year 2 with $24,000 balance in both cash and retained earnings. On Jan. 1, Year 2 Dillard paid $24,000 cash to purchase a computer. The computer has a useful life of 3 years and a salvage value of $3,000