Wildhorse Company purchased a delivery truck for $$40,000$ on July $1,2022.$ The truck has an expected salvage value of $$4,000,$ and is expected to be driven $100,000$ miles over its estimated useful life of $8$ years. Actual miles driven were $15,000$ in $2022$ and $12\mathrm{.}000$ in

$2023.$ Wildhorse uses the straight$-$line method of depreciation.

$($a$)$

Compute depreciation expense for $2022$ and $2023.$

Depreciation Expense

$2022$

$2023$

Straight$-$line method