TB MC Qu. 08-56 On January 1, Year 1, Friedman... On January 1, Year 1, Friedman Company purchased a truck that cost $48,000. The truck had an expected useful life of 100,000 miles over 8 years and an $8,000 salvage value. During Year 2, Friedman drove the truck 18,500 miles. Friedman uses the units-of-production method. What is depreciation expense in Year 2? Multiple Choice $8,880 $7,400 $6,000 $5,000