Sandhill Company purchased a delivery truck for $$36,000$ on July $1,2025.$ The truck has an expected salvage value of $$10,000,$ and is expected to be driven $100,000$ miles over its estimated useful life of $8$ years. Actual miles driven were $15,000$ in $2025$ and $12,000$ in $2026.$ Sandhill uses the straight$-$line method of depreciation.

Show how the truck would be reported in the December $31,2026,$ balance sheet.

SANDHILL COMPANY

Balance Sheet $($Partial$)$

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