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Sheridan company purchased a delivery truck for 36000 on July 1,2025. The truck has an expected salavge value of 2000 and is expected to be
Sheridan company purchased a delivery truck for 36000 on July 1,2025. The truck has an expected salavge value of 2000 and is expected to be driven 100000 miles over its estimated useful life of 8 years. Actual miles driven were 15000 in 2025 and 12000 in 2026. Sheridan uses the straight line method of depreciation. Prepare the journal entry to record 2025 depreciation
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