Find out the depreciation expense, Accounting Basics

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Find out the depreciation expense

Gardner Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3,600 and a useful life of 120,000 miles. It was driven 18,000 miles in 2012 and 32,000 miles in 2013. What is the depreciation expense for 2013?

A) $36,000

B) $24,000

C) $38,400

D) $23,040

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Accounting Basics: Find out the depreciation expense

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Accounting Basics: Find out the depreciation expense

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Accounting Basics: Find out the depreciation expense

Reference No:- TGS067274

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