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Oriole Company purchased a truck at the beginning of 2020 for $109400. The truck is estimated to have a salvage value of $4300 and a
Oriole Company purchased a truck at the beginning of 2020 for $109400. The truck is estimated to have a salvage value of $4300 and a useful life of 120000 miles. It was driven 18000 miles in 2020 and 26000 miles in 2021. What is the depreciation expense for 2021? (Round intermediate calculations to 3 decimal places, e.g. 0.245.)
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