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Sheffield Corp. purchased a truck at the beginning of 2020 for $109200. The truck is estimated to have a salvage value of $4900 and a

image text in transcribed Sheffield Corp. purchased a truck at the beginning of 2020 for $109200. The truck is estimated to have a salvage value of $4900 and a useful life of 118000 miles. It was driven 23000 miles in 2020 and 31000 miles in 2021. What is the depreciation expense for 2021? (Round intermediate calculations to 3 decimal places, e.g. 0.245.) $6953$29975$47736$27404

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