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Question 17 7p JCU Food Truck Inc. acquired a truck on March 1, 2021, for $26,000. JCU estimates a residual value of $2,000 and a
Question 17 7p JCU Food Truck Inc. acquired a truck on March 1, 2021, for $26,000. JCU estimates a residual value of $2,000 and a six-year service life. It expects to drive the truck 80,000 miles. Actual mileage was 12,000 miles in 2021 and 16,000 miles in 2022. Calculate depreciation expense using the activity based method for 2022, assuming a December 31 year-end (please only enter a numerical value in the response, with no dollar sign, use commas as necessary, and no decimals. For example: 10,000). 7 pts
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