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Speedy Corporation purchased a truck for $40,000 on JAN 2nd. The truck is expected to be driven 150,000 miles before being traded in. Salvage value

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Speedy Corporation purchased a truck for $40,000 on JAN 2nd. The truck is expected to be driven 150,000 miles before being traded in. Salvage value is estimated at $10,000. During year 1, the truck was driven 20,000. What is the depreciation per unit (per mile)? 15 cents o 20 cents O 35.5 cents Question 42 1 pts Using information in Question 41, what is the Depreciation Expense for the 1st year of operation of the truck? $2615 O $2765 $4,000

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