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Testbank Multiple Choice Question 65 Sheridan Company purchased a truck at the beginning of 2020 for $109900. The truck is estimated to have a salvage

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Testbank Multiple Choice Question 65 Sheridan Company purchased a truck at the beginning of 2020 for $109900. The truck is estimated to have a salvage value of $3200 and a useful life of 120000 miles. It was driven 24000 miles in 2020 and 32000 miles in 2021. What is the depreciation expense for 2020? O $21336 O $28448 $49784 $22620 O

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