Rose Bush Nursery purchased a delivery truck on July 120x1 for $12,000. The much is expected to have a te of 5 years and a residual value of $9.300 The company uses the straight-line method of depreciation. What is the amount of depreciation expense on the truck for the year ended December 31, 20XI Memple Choice $6.770 $0.540 $9.200 Multiple Choice O O $6,270 O $7,315 $12,540 O O $9,300 Rose Bush Nursery purchased a delivery truck on July 1, 20x1, for $72,000. The truck is expected to have a useful life of 5 years and a residual value of $9,300. The company uses the straight-line method of depreciation. What is the amount of depreciation expense on the truck for the year ended December 31, 20X1? Multiple Choice 0 $6,270 $7.315 $12.540 $9,300