Philips Corporation purchased a truck that cost $44,000. The company expected to drive the truck 100,000 miles. The truck had an estimated salvage value of $2,000. If the truck is driven 36,000 miles in the current accounting period, which of the following amounts should be recognized as depreciation expense? $14,760 $14,000 $15,120 $15,840 On March 1, Bunker Hill Company purchased a new stamping machine with a list price of $80,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $2,300; sales tax paid, $5,120; installation costs, $1,500; routine maintenance during the first month of operation, $2,200. The cost recorded for the machine was: $76,000. $87,120. $84,920. $83,420.