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Wildhorse Company purchased a delivery truck for $40,000 on July 1,2025 . The truck has an expected salvage value of $4,000, and is expected to

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Wildhorse Company purchased a delivery truck for $40,000 on July 1,2025 . 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 2025 and 12,000 in, 2026. Wildhorse uses the straight-line method of depreciation. (a) Compute depreciation expense for 2025 and 2026

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