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Question 21 ABC purchases a new fixed asset on January 1 and pays cash. The total cost is $26,000. ABC expects to use the

Question 21 ABC purchases a new fixed asset on January 1 and pays cash. The total cost is $26,000. ABC expects to use the truck for 5 years and that the salvage value of the truck after 5 years will be $6,000. What is the depreciation expense for year 2 using the straight line method? $4,000 $10,400 $2,000 O $5,2001 2 pts

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