On July 1, 2015, Nuby Trucking Company Purchased a New

Multiple Choice

On July 1, 2015, Nuby Trucking Company purchased a new truck for $52,000. Thetruck is estimated to have a useful life of six years and a residual value of $10,000. How much depreciation expense will be recorded for the truck during the year endedDecember 31, 2015?

A) $7,000.
B) $3,000.
C) $6,000.
D) $4,000.
E) $3,500.