Sheridan Company purchased a delivery truck for $44,000 on July 1, 2025. The truck has an expected salvage value of $8,000, 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. Sheridan uses the straight-line method of depreciation. (a) Your answer is correct. Compute depreciation expense for 2025 and 2026 2025 Depreciation Expense $ eTextbook and Media List of Accounts 2250 2026 4500 Attempts: 1 of 6 used (d) Show how the truck would be reported in the December 31, 2026, balance sheet. SHERIDAN COMPANY Balance Sheet (Partial) eTextbook and Media $