QUESTION 18 Campbell River Moving Co. recently purchased a used truck $29,000. The truck is estimated to have a useful life of 8 years or 250,000 kilometers. The truck will have a residual value of $1,000. The company uses the units-of-production method of depreciation. Assuming the truck traveled 36,0 00 kilometers during the first year, what is the depreciation expense for the truck in year 1? 0 $4,032 0 $3,625 O $3,500 0 $4,176