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On June 1, 2025, ABC Company purchased land, some machinery, and a truck for $245,000. The information below relates to the property purchased: Before the

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image text in transcribed On June 1, 2025, ABC Company purchased land, some machinery, and a truck for $245,000. The information below relates to the property purchased: Before the property could be used, ABC Company had to spend $8,300 to put the machinery in working condition. Information related to depreciation of the machinery and truck is given below: In 2025, the truck was driven 7,200 miles and in 2026 the truck was driven 9,300 mile. The depreciation expense recorded on the truck in 2025 was $6,408. Calculate the depreciation expense recorded on the truck in 2026 On June 1, 2025, ABC Company purchased land, some machinery, and a truck for $245,000. The information below relates to the property purchased: Before the property could be used, ABC Company had to spend $8,300 to put the machinery in working condition. Information related to depreciation of the machinery and truck is given below: The machinery was sold on 0ctober 1,2030 for $20,000 cash. Calculate the amount of the loss recorded on the sale of the machinery. Do not enter your answer with a minus sign in front of your number

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