Solved: It was driven 18000 miles in 2010 and 32000 miles in 2011, Accounting Basics

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It was driven 18000 miles in 2010 and 32000 miles in 2011

Question - Gardner Corporation purchased a truck at the beginning of 2010 for $75,000. The truck is estimated to have a salvage value of $3,000 and a useful life of 120,000 miles. It was driven 18,000 miles in 2010 and 32,000 miles in 2011. What is the depreciation expense for 2010?

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