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Sandhill Company purchased a delivery truck for $36,000 on July 1, 2022. The truck has an expected salvage value of $10,000, and i expected

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Sandhill Company purchased a delivery truck for $36,000 on July 1, 2022. The truck has an expected salvage value of $10,000, and i expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2022 and 12,000 in 2023. Sandhill uses the straight-line method of depreciation. (a) Your answer is correct. Compute depreciation expense for 2022 and 2023. Straight-line method $ eTextbook and Media Depreciation Expense 2022 2023 1625 $ 3250

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